Synergy Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,663 shares of the company’s stock, valued at approximately $1,488,000. Synergy Investment Management LLC owned approximately 0.10% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in Invesco S&P 500 Momentum ETF by 61.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,859 shares of the company’s stock worth $1,891,000 after buying an additional 7,960 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $3,378,000. TKG Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $204,000. Moloney Securities Asset Management LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $1,245,000. Finally, Avidian Wealth Enterprises LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 8.6% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 172,580 shares of the company’s stock valued at $15,643,000 after buying an additional 13,601 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 2.1 %
Shares of SPMO stock opened at $97.66 on Tuesday. The stock has a 50-day moving average of $99.21 and a 200-day moving average of $94.93. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44.
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.
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