Freedom Investment Management Inc. Has $2.04 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Freedom Investment Management Inc. raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 0.9% during the second quarter, HoldingsChannel reports. The firm owned 18,175 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SPMO. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 41.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after purchasing an additional 1,770,226 shares during the last quarter. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after purchasing an additional 1,400,512 shares during the last quarter. Mainstay Capital Management LLC ADV increased its stake in shares of Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after purchasing an additional 1,388,287 shares during the last quarter. CWM LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after purchasing an additional 1,144,827 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $56,345,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $119.47 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $122.63. The business’s fifty day moving average is $119.23 and its 200-day moving average is $109.77. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.

Invesco S&P 500 Momentum ETF Company 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.