Mirae Asset Global Investments Co. Ltd. Buys New Stake in Invesco S&P 500 Momentum ETF $SPMO

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 787,429 shares of the company’s stock, valued at approximately $119,358,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.51% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $353,565,000. Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 9.5% in the 2nd 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 period. Planning Alternatives Ltd. ADV lifted its stake in shares of 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 worth $83,456,000 after acquiring an additional 138,915 shares during the period. Redwood Investment Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 5.3% in the first 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 in the last quarter. Finally, Alpine Bank Wealth Management boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 1.4% in the third 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 in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $136.27 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The stock has a market cap of $21.29 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The stock’s 50 day moving average price is $147.35 and its 200 day moving average price is $137.83.

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.