Rollins Financial Advisors LLC Purchases New Shares in Invesco S&P 500 Momentum ETF $SPMO

Rollins Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 11,823 shares of the company’s stock, valued at approximately $1,094,000.

Several other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after purchasing an additional 1,770,226 shares in the last quarter. LPL Financial LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 64.3% during the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after purchasing an additional 1,400,512 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.4% during the first quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock valued at $155,747,000 after purchasing an additional 440,005 shares in the last quarter. CWM LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 201.9% in the first quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after acquiring an additional 878,259 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its holdings in Invesco S&P 500 Momentum ETF by 1.9% in the first quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock worth $114,771,000 after acquiring an additional 23,474 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.9%

Invesco S&P 500 Momentum ETF stock opened at $119.50 on Thursday. The business’s fifty day simple moving average is $115.36 and its two-hundred day simple moving average is $104.34. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $120.10. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.

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.