Freedom Investment Management Inc. increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 184.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,776 shares of the company’s stock after buying an additional 4,395 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $614,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. ORG Partners LLC bought a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth approximately $38,000. Concourse Financial Group Securities Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 26.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after acquiring an additional 200 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $158,000. Finally, TKG Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $204,000.
Invesco S&P 500 Momentum ETF Trading Up 0.7 %
Shares of SPMO opened at $96.83 on Friday. The business’s 50-day moving average price is $93.48 and its 200 day moving average price is $88.69. The stock has a market capitalization of $1.56 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1-year low of $60.97 and a 1-year high of $97.36.
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.
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