Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 505,729 shares of the company’s stock, valued at approximately $76,658,000. Commonwealth Equity Services LLC owned about 0.32% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of SPMO. Coppell Advisory Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $26,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at $33,000. Toth Financial Advisory Corp bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $34,000. Monetary Solutions Ltd bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $41,000. Finally, Caldwell Trust Co bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $42,000.
Invesco S&P 500 Momentum ETF Trading Up 1.6%
NYSEARCA SPMO traded up $1.96 on Friday, hitting $124.41. 3,234,605 shares of the company were exchanged, compared to its average volume of 1,999,229. The firm has a 50 day moving average of $145.48 and a two-hundred day moving average of $138.08. The company has a market cap of $19.55 billion, a P/E ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.
About Invesco S&P 500 Momentum ETF
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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