Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 36.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 104,294 shares of the company’s stock after purchasing an additional 28,042 shares during the quarter. Park Avenue Securities LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its position in Invesco S&P 500 Momentum ETF by 1.4% during the 4th quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock worth $911,000 after acquiring an additional 134 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 28.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,058 shares of the company’s stock valued at $101,000 after purchasing an additional 232 shares in the last quarter. Strait & Sound Wealth Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 2.9% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 8,655 shares of the company’s stock valued at $822,000 after purchasing an additional 243 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 1.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,335 shares of the company’s stock worth $1,789,000 after purchasing an additional 257 shares during the period. Finally, TBH Global Asset Management LLC grew its position in Invesco S&P 500 Momentum ETF by 1.5% in the 4th quarter. TBH Global Asset Management LLC now owns 17,514 shares of the company’s stock valued at $1,664,000 after buying an additional 261 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.1%

Invesco S&P 500 Momentum ETF stock opened at $106.92 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $76.75 and a 52 week high of $107.54. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 27.23 and a beta of 0.97. The company’s 50-day moving average price is $96.69 and its two-hundred day moving average price is $97.20.

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.