Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $162.00 and last traded at $162.00, with a volume of 29274 shares traded. The stock had previously closed at $159.90.

Invesco S&P 500 Momentum ETF Stock Up 1.2%

The firm has a market capitalization of $19.72 billion, a P/E ratio of 29.51 and a beta of 1.11. The firm has a 50 day moving average of $141.78 and a 200-day moving average of $126.72.

Institutional Trading of Invesco S&P 500 Momentum ETF

Several large investors have recently modified their holdings of the stock. Dunhill Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Blue Trust Inc. grew its stake in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. Finally, Networth Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $48,000.

Invesco S&P 500 Momentum ETF Company Profile

(Get Free Report)

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.

Further Reading

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