Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $162.00 and last traded at $162.00, with a volume of 29274 shares trading hands. The stock had previously closed at $159.90.

Invesco S&P 500 Momentum ETF Price Performance

The company’s 50-day moving average price is $141.78 and its two-hundred day moving average price is $126.72. The company has a market capitalization of $19.72 billion, a P/E ratio of 29.51 and a beta of 1.11.

Institutional Trading of Invesco S&P 500 Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $33,000. Blue Trust Inc. increased its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares during the period. Dogwood Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. Finally, MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $50,000.

About Invesco S&P 500 Momentum ETF

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.