Synergy Investment Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 91.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,483 shares of the company’s stock after acquiring an additional 18,883 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.7% of Synergy Investment Management LLC’s investment portfolio, making the stock its 17th largest holding. Synergy Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,711,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in SPMO. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $27,000. Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $33,000. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $33,000. Dogwood Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $44,000. Finally, MAI Capital Management bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $50,000.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA:SPMO opened at $141.42 on Tuesday. The stock has a 50-day simple moving average of $125.09 and a 200 day simple moving average of $121.40. Invesco S&P 500 Momentum ETF has a 52-week low of $101.80 and a 52-week high of $147.87. The company has a market cap of $17.24 billion, a PE ratio of 29.51 and a beta of 1.09.
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.
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