Tudor Investment Corp ET AL raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 334.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 171,820 shares of the company’s stock after acquiring an additional 132,262 shares during the period. Tudor Investment Corp ET AL’s holdings in Invesco S&P 500 Momentum ETF were worth $20,801,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth $27,000. Blue Trust Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $31,000. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Finally, Salomon & Ludwin LLC raised its holdings in Invesco S&P 500 Momentum ETF by 117.9% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after purchasing an additional 165 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Down 1.8%
Shares of NYSEARCA:SPMO opened at $113.78 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The company has a 50-day moving average price of $118.81 and a 200 day moving average price of $119.49. The company has a market cap of $12.92 billion, a P/E ratio of 29.51 and a beta of 0.98.
About Invesco S&P 500 Momentum ETF
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.
Further Reading
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).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
