HighTower Advisors LLC Grows Holdings in Invesco S&P 500 Momentum ETF $SPMO

HighTower Advisors LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,662 shares of the company’s stock after buying an additional 39,262 shares during the period. HighTower Advisors LLC owned about 0.25% of Invesco S&P 500 Momentum ETF worth $33,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at $18,900,000. Jane Street Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after buying an additional 31,344 shares in the last quarter. Invesco Ltd. increased its holdings in Invesco S&P 500 Momentum ETF by 43.9% in the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after buying an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 11.7% in the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after buying an additional 5,209 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $144.94 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $101.80 and a fifty-two week high of $147.87. The company has a fifty day moving average of $127.06 and a two-hundred day moving average of $121.99. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

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.