Invesco S&P 500 Momentum ETF $SPMO Stock Holdings Boosted by Fischer Investment Strategies LLC

Fischer Investment Strategies LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 154.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,544 shares of the company’s stock after acquiring an additional 154,557 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 18.5% of Fischer Investment Strategies LLC’s holdings, making the stock its biggest position. Fischer Investment Strategies LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $30,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SPMO. Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after purchasing an additional 2,151,980 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 111.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares during the period. CWM LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 6.7% during the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after purchasing an additional 164,530 shares during the period. Bank of America Corp DE grew its position in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after buying an additional 562,290 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Invesco S&P 500 Momentum ETF by 126.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after buying an additional 612,432 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $119.72 on Friday. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The company has a market cap of $13.75 billion, a P/E ratio of 29.51 and a beta of 0.98. The firm has a fifty day moving average of $119.31 and a two-hundred day moving average of $118.24.

Invesco S&P 500 Momentum ETF 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.