Smart Money Group LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 378.3% in the third quarter, Holdings Channel reports. The fund owned 9,308 shares of the company’s stock after buying an additional 7,362 shares during the period. Smart Money Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,127,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $27,000. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at about $26,000. Blue Trust Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $31,000. GHP Investment Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after acquiring an additional 132 shares during the last quarter. Finally, Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $33,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $119.47 on Monday. The company has a market capitalization of $13.56 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm has a 50 day moving average price of $119.55 and a 200 day moving average price of $119.40.
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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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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