IFC & Insurance Marketing Inc. boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 44.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,362 shares of the company’s stock after acquiring an additional 18,544 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 7.1% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 3rd largest holding. IFC & Insurance Marketing Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $6,767,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $33,000. Dogwood Wealth Management LLC acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $44,000. MAI Capital Management acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $50,000. Finally, Salomon & Ludwin LLC boosted its stake in Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after buying an additional 187 shares during the period.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO opened at $161.66 on Tuesday. The firm has a 50-day simple moving average of $142.56 and a two-hundred day simple moving average of $127.02. The stock has a market cap of $19.71 billion, a PE ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 1-year low of $106.57 and a 1-year high of $162.30.
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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