Valeo Financial Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 6,258 shares of the company’s stock, valued at approximately $1,011,000.
Other large investors have also made changes to their positions in the company. Capstone Wealth Management Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after acquiring an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter worth about $18,900,000. Jane Street Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after purchasing an additional 31,344 shares during the last quarter. Invesco Ltd. lifted its position in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd 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 during the period. Finally, NewEdge Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after purchasing an additional 5,209 shares during the period.
Invesco S&P 500 Momentum ETF Trading Down 0.7%
Shares of NYSEARCA SPMO opened at $148.70 on Tuesday. The firm has a market capitalization of $21.78 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm’s 50-day moving average is $150.86 and its 200-day moving average is $134.39.
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.
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