10,656 Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 191.7% in the third quarter, Holdings Channel reports. The fund owned 16,214 shares of the company’s stock after purchasing an additional 10,656 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Stewardship Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 8.3% in the third quarter. Stewardship Advisors LLC now owns 1,639 shares of the company’s stock valued at $248,000 after purchasing an additional 126 shares during the period. Eagle Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 85.8% during the third quarter. Eagle Wealth Advisors LLC now owns 5,644 shares of the company’s stock worth $856,000 after purchasing an additional 2,606 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $1,873,000. Retirement Planning Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $678,000. Finally, Lifelong Wealth Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 1.1% during the third quarter. Lifelong Wealth Advisors Inc. now owns 26,994 shares of the company’s stock worth $4,092,000 after purchasing an additional 301 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $143.15 on Thursday. The firm’s fifty day moving average price is $148.84 and its 200 day moving average price is $145.81. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.