Optima Capital LLC Invests $582,000 in Invesco S&P 500 Momentum ETF $SPMO

Optima Capital LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, Holdings Channel reports. The institutional investor bought 4,806 shares of the company’s stock, valued at approximately $582,000.

Other large investors also recently bought and sold shares of the company. Schroder Investment Management Group purchased a new stake in Invesco S&P 500 Momentum ETF during the second quarter valued at $26,000. Blue Trust Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $31,000. GHP Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $31,000. Finally, Rossby Financial LCC grew its position in Invesco S&P 500 Momentum ETF by 237.8% in the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after acquiring an additional 214 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $120.13 on Wednesday. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56. The business’s 50 day moving average is $119.30 and its two-hundred day moving average is $118.22. The stock has a market capitalization of $13.79 billion, a P/E 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.