Horizon Investment Services LLC Buys Shares of 13,340 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Horizon Investment Services LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,340 shares of the company’s stock, valued at approximately $1,267,000. Horizon Investment Services LLC owned approximately 0.08% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 75.3% during the fourth quarter. LPL Financial LLC now owns 2,178,729 shares of the company’s stock valued at $207,001,000 after acquiring an additional 935,951 shares during the last quarter. Mainstay Capital Management LLC ADV grew 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 worth $115,617,000 after buying an additional 960,418 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Momentum ETF by 391,013.3% in the fourth quarter. JPMorgan Chase & Co. now owns 617,959 shares of the company’s stock valued at $58,712,000 after buying an additional 617,801 shares during the last quarter. Money Concepts Capital Corp lifted its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% during the fourth quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after buying an additional 50,980 shares during the period. Finally, Trilogy Capital Inc. boosted its position in Invesco S&P 500 Momentum ETF by 1.6% during the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after acquiring an additional 6,523 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.4 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $92.19 on Friday. The business’s fifty day moving average is $98.36 and its two-hundred day moving average is $95.67. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The firm has a market cap of $5.13 billion, a PE ratio of 24.89 and a beta of 0.93.

Invesco S&P 500 Momentum ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.1794 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07.

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.