MONECO Advisors LLC Makes New $848,000 Investment in Invesco S&P 500 Momentum ETF $SPMO

MONECO Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, HoldingsChannel reports. The fund bought 7,006 shares of the company’s stock, valued at approximately $848,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 35.8% in the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after acquiring an additional 2,151,980 shares in the last quarter. CWM LLC lifted its position 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 in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at $317,167,000. Bank of America Corp DE grew its holdings in 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 valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Invesco S&P 500 Momentum ETF by 126.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after buying an additional 612,432 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $119.84 on Friday. The firm has a 50-day moving average of $119.60 and a two-hundred day moving average of $118.94. The stock has a market cap of $13.61 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56.

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.