Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 35.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,457 shares of the company’s stock after buying an additional 9,740 shares during the period. CoreCap Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $317,167,000. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 126.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after buying an additional 612,432 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after buying an additional 562,290 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth $65,042,000. Finally, Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after acquiring an additional 513,037 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.9%

SPMO stock opened at $110.31 on Friday. The stock has a 50-day moving average price of $118.15 and a two-hundred day moving average price of $119.37. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The company has a market cap of $12.52 billion, a PE ratio of 29.51 and a beta of 0.98.

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.