IFP Advisors Inc grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 98.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,833 shares of the company’s stock after purchasing an additional 5,361 shares during the quarter. IFP Advisors Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $1,311,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Schroder Investment Management Group bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $27,000. Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $31,000. Dunhill Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $33,000. Finally, Salomon & Ludwin LLC increased its stake in Invesco S&P 500 Momentum ETF by 117.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after purchasing an additional 165 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of SPMO stock opened at $113.78 on Monday. The company has a market capitalization of $12.92 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The stock has a 50 day moving average price of $118.81 and a two-hundred day moving average price of $119.55.
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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