Eagle Capital Management LLC Has $8.74 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Eagle Capital Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 99.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 72,222 shares of the company’s stock after buying an additional 36,097 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 0.0% of Eagle Capital Management LLC’s holdings, making the stock its 10th largest position. Eagle Capital Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $8,743,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capstone Wealth Management Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after acquiring an additional 65,515 shares during the period. Kestra Advisory Services LLC lifted its position in Invesco S&P 500 Momentum ETF by 21.4% in the first quarter. Kestra Advisory Services LLC now owns 16,274 shares of the company’s stock worth $1,506,000 after purchasing an additional 2,868 shares during the period. Smartleaf Asset Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the 1st quarter valued at $104,000. BNP Paribas Financial Markets acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at $40,743,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at $416,000.

Invesco S&P 500 Momentum ETF Stock Down 0.1%

Shares of Invesco S&P 500 Momentum ETF stock opened at $121.38 on Friday. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The business has a fifty day simple moving average of $119.66 and a 200-day simple moving average of $117.10. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

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.