Moloney Securities Asset Management LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,737 shares of the company’s stock, valued at approximately $1,245,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth about $38,000. Concourse Financial Group Securities Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $60,000. TKG Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $204,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $213,000.
Invesco S&P 500 Momentum ETF Trading Up 1.6 %
NYSEARCA:SPMO opened at $92.49 on Wednesday. The stock has a market cap of $1.49 billion, a P/E ratio of 20.66 and a beta of 1.00. The stock’s 50-day moving average is $90.63 and its 200-day moving average is $86.54. Invesco S&P 500 Momentum ETF has a 1-year low of $58.74 and a 1-year high of $94.69.
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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