Bay Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,332 shares of the company’s stock, valued at approximately $374,000.
A number of other institutional investors also recently modified their holdings of SPMO. Capstone Wealth Management Group LLC raised its position in Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $18,900,000. Jane Street Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after purchasing an additional 31,344 shares during the period. Invesco Ltd. raised its stake in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after buying an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after purchasing an additional 5,209 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO opened at $154.20 on Monday. The stock has a market capitalization of $18.80 billion, a P/E ratio of 29.51 and a beta of 1.11. The firm’s fifty day simple moving average is $144.97 and its 200 day simple moving average is $128.01. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.
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.
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