Pachira Investments Inc. Has $4.97 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Pachira Investments Inc. lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 217.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,072 shares of the company’s stock after acquiring an additional 28,154 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 2.8% of Pachira Investments Inc.’s portfolio, making the stock its 15th biggest position. Pachira Investments Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $4,972,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after buying an additional 2,151,980 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of Invesco S&P 500 Momentum ETF by 111.9% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after acquiring an additional 1,388,287 shares during the period. CWM LLC boosted its stake in Invesco S&P 500 Momentum ETF by 87.2% during the second quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after acquiring an additional 1,144,827 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after purchasing an additional 612,432 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after purchasing an additional 562,290 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $121.05 on Wednesday. The stock’s 50 day simple moving average is $119.48 and its 200 day simple moving average is $117.88. The company has a market cap of $13.69 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

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.