Mirae Asset Global Investments Co. Ltd. Takes $65.04 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 537,274 shares of the company’s stock, valued at approximately $65,042,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.49% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $317,167,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after buying an additional 2,151,980 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its stake in Invesco S&P 500 Momentum ETF by 111.9% in the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after buying an additional 1,388,287 shares in the last quarter. CWM LLC grew its position in Invesco S&P 500 Momentum ETF by 87.2% in the second quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after acquiring an additional 1,144,827 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after acquiring an additional 612,432 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.4%

Shares of NYSEARCA SPMO opened at $119.18 on Thursday. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The stock has a 50-day moving average price of $119.39 and a two-hundred day moving average price of $118.71.

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.