Bank Hapoalim BM Buys New Shares in Invesco S&P 500 Momentum ETF $SPMO

Bank Hapoalim BM purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,958 shares of the company’s stock, valued at approximately $1,785,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Dogwood Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. MAI Capital Management bought a new position in Invesco S&P 500 Momentum ETF during the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC lifted its stake in Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 2.0%

Shares of SPMO opened at $154.62 on Wednesday. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12 month low of $106.51 and a 12 month high of $158.95. The company has a 50-day moving average price of $139.35 and a two-hundred day moving average price of $125.90.

Invesco S&P 500 Momentum ETF 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.