Next Level Private LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 57,026 shares of the company’s stock, valued at approximately $6,393,000. Invesco S&P 500 Momentum ETF makes up about 1.4% of Next Level Private LLC’s investment portfolio, making the stock its 18th largest holding.
Several other hedge funds also recently added to or reduced their stakes in the stock. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth about $33,000. Blue Trust Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $44,000. Finally, MAI Capital Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $50,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA:SPMO opened at $154.20 on Monday. The business’s 50-day simple moving average is $144.97 and its 200 day simple moving average is $128.01. The company has a market cap of $18.80 billion, a P/E ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one 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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