Integrity Investment Advisors LLC boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 32.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 78,505 shares of the company’s stock after purchasing an additional 19,342 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 5.2% of Integrity Investment Advisors LLC’s portfolio, making the stock its 2nd largest holding. Integrity Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,367,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SPMO. Dunhill Financial LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC grew its stake in Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after buying an additional 187 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 1.3%
Shares of Invesco S&P 500 Momentum ETF stock opened at $152.48 on Friday. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12-month low of $105.74 and a 12-month high of $155.74. The firm’s 50-day moving average price is $137.69 and its two-hundred day moving average price is $125.31.
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.
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