Hershey Financial Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund bought 4,184 shares of the company’s stock, valued at approximately $469,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPMO. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $44,000. Networth Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at $48,000. Finally, Team Financial Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 58.4% during the 1st quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after buying an additional 173 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $143.89 on Friday. The stock has a fifty day moving average of $150.78 and a two-hundred day moving average of $131.30. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30.
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.
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