Principal Securities Inc. Has $29.17 Million Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Principal Securities Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 321,860 shares of the company’s stock after purchasing an additional 30,133 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 0.7% of Principal Securities Inc.’s investment portfolio, making the stock its 26th biggest position. Principal Securities Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $29,173,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SPMO. Goldstone Financial Group LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $356,000. TCP Asset Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $727,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $243,000. Family Investment Center Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 1.5% in the 3rd quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock valued at $26,582,000 after buying an additional 4,245 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 112.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,430 shares of the company’s stock worth $583,000 after purchasing an additional 3,400 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 2.1 %

SPMO stock opened at $90.82 on Friday. The stock has a 50-day moving average price of $90.48 and a two-hundred day moving average price of $86.10. The stock has a market cap of $1.46 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $55.77 and a 1 year high of $94.69.

About Invesco S&P 500 Momentum ETF

The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.