Invesco S&P 500 Momentum ETF $SPMO Holdings Increased by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,496.1% in the third quarter, Holdings Channel reports. The firm owned 74,809 shares of the company’s stock after purchasing an additional 70,122 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 2.5% of Cadent Capital Advisors LLC’s holdings, making the stock its 10th biggest position. Cadent Capital Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $11,340,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after buying an additional 128,087 shares during the period. Planning Alternatives Ltd. ADV increased its stake in Invesco S&P 500 Momentum ETF by 22.9% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after acquiring an additional 138,915 shares during the last quarter. Redwood Investment Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after acquiring an additional 33,157 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 1.2% during the 4th quarter. MML Investors Services LLC now owns 567,000 shares of the company’s stock valued at $67,654,000 after acquiring an additional 6,640 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 6.8% during the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after acquiring an additional 35,630 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.3%

Shares of SPMO stock traded up $0.42 during trading on Friday, hitting $151.26. The company had a trading volume of 819,418 shares, compared to its average volume of 1,941,756. The stock’s 50-day moving average is $149.48 and its two-hundred day moving average is $143.77. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

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.