AdvisorNet Financial Inc grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 53.6% during the first quarter, Holdings Channel.com reports. The fund owned 9,470 shares of the company’s stock after acquiring an additional 3,304 shares during the period. AdvisorNet Financial Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $1,062,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SPMO. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $33,000. Elevated Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $33,000. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth $44,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $50,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 61.3% during the 4th quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 4.5%
Shares of Invesco S&P 500 Momentum ETF stock opened at $154.34 on Wednesday. The company has a 50-day moving average of $143.18 and a two-hundred day moving average of $127.26. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The stock has a market cap of $18.82 billion, a PE ratio of 29.51 and a beta of 1.11.
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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