JPMorgan Chase & Co. Has $84.74 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

JPMorgan Chase & Co. raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 699,985 shares of the company’s stock after purchasing an additional 50,799 shares during the period. JPMorgan Chase & Co. owned approximately 0.64% of Invesco S&P 500 Momentum ETF worth $84,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $27,000. Blue Trust Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $31,000. Dunhill Financial LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at about $33,000. Finally, Salomon & Ludwin LLC increased its stake 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 valued at $37,000 after acquiring an additional 165 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 1.1%

Invesco S&P 500 Momentum ETF stock opened at $116.06 on Thursday. The business has a 50 day moving average price of $119.00 and a two-hundred day moving average price of $119.53. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The stock has a market cap of $13.18 billion, a price-to-earnings 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.