Kestra Private Wealth Services LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,896 shares of the company’s stock, valued at approximately $2,258,000.
A number of other institutional investors and hedge funds have also bought and sold shares of SPMO. Schuylkill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $1,513,000. First Heartland Consultants Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $7,060,000. Lunt Capital Management Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter worth approximately $3,224,000. Concorde Asset Management LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 12.2% during the 2nd quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock worth $9,651,000 after purchasing an additional 6,473 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 9.5% during the 2nd 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 during the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 7.3%
NYSEARCA:SPMO opened at $122.45 on Friday. The stock has a 50 day simple moving average of $145.96 and a 200 day simple moving average of $138.04. The stock has a market cap of $19.20 billion, a P/E ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.
Invesco S&P 500 Momentum ETF 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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