NewEdge Advisors LLC raised its holdings in shares of Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Free Report) by 183.4% during the first quarter, HoldingsChannel.com reports. The firm owned 12,944 shares of the company’s stock after acquiring an additional 8,377 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Value with Momentum ETF were worth $892,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth approximately $37,000. Abound Financial LLC bought a new position in Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at approximately $38,000. Kestra Advisory Services LLC bought a new position in Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at approximately $75,000. Mercer Global Advisors Inc. ADV acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth $210,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter valued at $206,000.
Invesco S&P 500 Value with Momentum ETF Stock Up 0.1%
SPVM stock opened at $78.38 on Wednesday. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $63.01 and a twelve month high of $78.91. The company has a market cap of $132.46 million, a P/E ratio of 13.46 and a beta of 0.78. The business’s fifty day moving average is $76.00 and its 200-day moving average is $72.70.
Invesco S&P 500 Value with Momentum ETF Company Profile
The Invesco S&P 500 Value with Momentum ETF (SPVM) is an exchange-traded fund that is based on the S&P 500 High Momentum Value index. The fund tracks an index of S&P 500 stocks selected by value and momentum and weighted by value. SPVM was launched on Jun 16, 2011 and is managed by Invesco.
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Want to see what other hedge funds are holding SPVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Free Report).
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