Foundations Investment Advisors LLC Buys 35,125 Shares of Invesco S&P 500 Momentum ETF $SPMO

Foundations Investment Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,583.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,343 shares of the company’s stock after purchasing an additional 35,125 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,521,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SPMO. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter worth about $317,167,000. Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after acquiring an additional 2,151,980 shares during the period. Mainstay Capital Management LLC ADV grew its holdings in shares of Invesco S&P 500 Momentum ETF by 111.9% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after acquiring an additional 1,388,287 shares during the period. CWM LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after acquiring an additional 1,144,827 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 126.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after purchasing an additional 612,432 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 1.1%

NYSEARCA SPMO opened at $120.52 on Friday. The firm has a market capitalization of $13.71 billion, a PE ratio of 29.51 and a beta of 0.98. The stock’s 50 day moving average is $119.51 and its 200 day moving average is $118.72. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month 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.