Sigma Planning Corp Purchases 52,554 Shares of Invesco S&P 500 Momentum ETF $SPMO

Sigma Planning Corp purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 52,554 shares of the company’s stock, valued at approximately $7,966,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SPMO. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV raised its holdings in Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after buying an additional 138,915 shares in the last quarter. Redwood Investment Management LLC raised its holdings in Invesco S&P 500 Momentum ETF by 5.3% during the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after buying an additional 33,157 shares in the last quarter. Private Advisor Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after buying an additional 35,630 shares in the last quarter. Finally, Alpine Bank Wealth Management raised its holdings in Invesco S&P 500 Momentum ETF by 1.4% during the third quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock valued at $75,492,000 after buying an additional 7,043 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $138.66 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The business has a 50-day moving average of $148.27 and a two-hundred day moving average of $146.15. The stock has a market capitalization of $21.47 billion, a P/E ratio of 29.51 and a beta of 1.10.

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.