Park Avenue Securities LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 134,422 shares of the company’s stock, valued at approximately $20,376,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WESPAC Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $680,000. Santori & Peters Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 68.4% during the 3rd quarter. Santori & Peters Inc. now owns 10,303 shares of the company’s stock worth $1,562,000 after acquiring an additional 4,186 shares during the last quarter. Segment Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $323,000. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $353,565,000. Finally, National Wealth Management Group LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $1,991,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA SPMO opened at $140.55 on Tuesday. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The stock has a market cap of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10. The firm has a 50 day moving average price of $148.34 and a 200 day moving average price of $137.30.
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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