Concorde Asset Management LLC Has $7.52 Million Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Concorde Asset Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,114 shares of the company’s stock after acquiring an additional 10,009 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 3.9% of Concorde Asset Management LLC’s holdings, making the stock its 6th biggest position. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $7,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $14,373,000. Stratos Wealth Partners LTD. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 61.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock worth $956,000 after buying an additional 3,826 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $326,000. Truist Financial Corp grew its stake in Invesco S&P 500 Momentum ETF by 22.6% in the 4th quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock valued at $1,224,000 after buying an additional 2,379 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Invesco S&P 500 Momentum ETF by 145.9% in the 4th quarter. US Bancorp DE now owns 14,727 shares of the company’s stock valued at $1,399,000 after acquiring an additional 8,739 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 3.9 %

Shares of SPMO stock opened at $88.31 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $74.40 and a 12-month high of $103.44. The company has a market capitalization of $5.15 billion, a PE ratio of 24.93 and a beta of 0.93. The firm has a 50 day moving average price of $95.80 and a two-hundred day moving average price of $95.61.

Invesco S&P 500 Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.1794 per share. This is a boost from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date of this dividend was Monday, March 24th.

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.