Commonwealth Equity Services LLC Acquires 112,450 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Commonwealth Equity Services LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 176.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,271 shares of the company’s stock after acquiring an additional 112,450 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $16,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mainstay Capital Management LLC ADV lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 374.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after purchasing an additional 960,418 shares during the last quarter. World Investment Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after buying an additional 281,038 shares during the last quarter. Austin Private Wealth LLC bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth $14,567,000. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth $14,373,000. Finally, Fortis Group Advisors LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 93.7% in the fourth quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock worth $27,457,000 after acquiring an additional 139,785 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $94.56 on Tuesday. The firm has a market cap of $5.26 billion, a PE ratio of 24.89 and a beta of 0.93. The stock has a 50-day moving average price of $98.71 and a 200-day moving average price of $95.28. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44.

Invesco S&P 500 Momentum ETF Profile

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.