Planning Alternatives Ltd. ADV Has $72.54 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Planning Alternatives Ltd. ADV increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 599,180 shares of the company’s stock after buying an additional 6,271 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 9.3% of Planning Alternatives Ltd. ADV’s portfolio, making the stock its 4th largest position. Planning Alternatives Ltd. ADV owned 0.55% of Invesco S&P 500 Momentum ETF worth $72,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $27,000. Schroder Investment Management Group bought a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter worth $26,000. Blue Trust Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $31,000. GHP Investment Advisors Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the last quarter. Finally, Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $33,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $119.22 on Wednesday. The business has a 50-day moving average of $119.52 and a 200-day moving average of $119.43. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56.

Invesco S&P 500 Momentum ETF Company 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.