Sovran Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 8,622 shares of the company’s stock, valued at approximately $823,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. World Investment Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1,416.7% in the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after purchasing an additional 281,038 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $23,247,000. Austin Private Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $14,567,000. Fischer Investment Strategies LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $11,215,000. Finally, LPL Financial LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 10.0% in the 3rd quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after acquiring an additional 113,439 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of SPMO stock opened at $102.89 on Wednesday. The firm has a market cap of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. The firm’s 50 day moving average price is $97.98 and its 200-day moving average price is $93.10. Invesco S&P 500 Momentum ETF has a one year low of $72.87 and a one year high of $103.09.
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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