Kovack Advisors Inc. Has $34.17 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Kovack Advisors Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 286,372 shares of the company’s stock after acquiring an additional 48,553 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 1.7% of Kovack Advisors Inc.’s holdings, making the stock its 7th largest position. Kovack Advisors Inc. owned about 0.25% of Invesco S&P 500 Momentum ETF worth $34,170,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after acquiring an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $18,900,000. Jane Street Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after purchasing an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $150.58 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $105.74 and a twelve month high of $155.74. The stock has a market capitalization of $18.36 billion, a PE ratio of 29.51 and a beta of 1.11. The stock has a 50-day simple moving average of $136.93 and a 200 day simple moving average of $125.12.

Invesco S&P 500 Momentum ETF 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.