Betterment LLC Boosts Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Betterment LLC increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOFree Report) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 4,932 shares of the company’s stock after acquiring an additional 208 shares during the quarter. Betterment LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $283,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $29,000. UBS Group AG purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $33,000. Captrust Financial Advisors purchased a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $51,000. Buckingham Strategic Partners bought a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $207,000. Finally, Citadel Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $214,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $74.25 on Monday. Invesco S&P 500 Momentum ETF has a 1 year low of $51.67 and a 1 year high of $74.25. The stock’s 50 day simple moving average is $66.65 and its two-hundred day simple moving average is $61.40. The company has a market cap of $255.42 million, a price-to-earnings ratio of 19.31 and a beta of 0.89.

About Invesco S&P 500 Momentum ETF

(Free Report)

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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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOFree Report).

Institutional Ownership by Quarter for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

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