Tactive Advisors LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Tactive Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 41,841 shares of the company’s stock, valued at approximately $6,759,000. Invesco S&P 500 Momentum ETF comprises about 1.7% of Tactive Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at approximately $18,900,000. Jane Street Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after purchasing an additional 31,344 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 43.9% in the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after purchasing an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Invesco S&P 500 Momentum ETF by 11.7% in the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after purchasing an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.4%

Invesco S&P 500 Momentum ETF stock opened at $149.69 on Friday. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The firm’s fifty day moving average is $150.93 and its 200 day moving average is $134.07. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-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.