Vantagepoint Investment Advisers LLC Acquires New Shares in Invesco S&P 500 Momentum ETF $SPMO

Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,332,531 shares of the company’s stock, valued at approximately $353,565,000. Invesco S&P 500 Momentum ETF makes up about 2.7% of Vantagepoint Investment Advisers LLC’s holdings, making the stock its 9th biggest holding. Vantagepoint Investment Advisers LLC owned approximately 1.51% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after acquiring an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV increased its holdings in Invesco S&P 500 Momentum ETF by 22.9% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after acquiring an additional 138,915 shares during the last quarter. Alpine Bank Wealth Management increased its holdings in Invesco S&P 500 Momentum ETF by 1.4% in the 3rd quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock valued at $75,492,000 after acquiring an additional 7,043 shares during the last quarter. Redwood Investment Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after acquiring an additional 33,157 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 6.8% in the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after acquiring an additional 35,630 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.4%

Shares of SPMO stock opened at $140.55 on Tuesday. The stock has a market cap of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The company’s fifty day simple moving average is $148.34 and its two-hundred day simple moving average is $137.30.

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.