Kovack Advisors Inc. Has $28.79 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Kovack Advisors Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 95.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 237,819 shares of the company’s stock after buying an additional 116,315 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 2.7% of Kovack Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $28,790,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPMO. Castleview Partners LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 3.2% during the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after acquiring an additional 84 shares during the period. Stephens Inc. AR boosted its position in Invesco S&P 500 Momentum ETF by 2.1% during the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares during the period. Caliber Wealth Management LLC KS increased its holdings in shares of Invesco S&P 500 Momentum ETF by 4.9% in the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after purchasing an additional 90 shares during the last quarter. LexAurum Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 4.3% in the third quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after purchasing an additional 92 shares during the period. Finally, Strait & Sound Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 0.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after buying an additional 94 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $119.39 on Friday. The firm has a market cap of $13.56 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The firm’s 50-day simple moving average is $119.43 and its 200 day simple moving average is $119.25.

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.