Alta Wealth Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,370 shares of the company’s stock, valued at approximately $510,000.
Several other large investors also recently added to or reduced their stakes in SPMO. Renaissance Technologies LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the second quarter worth about $1,740,000. Creative Planning bought a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at approximately $1,262,000. NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 121.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock worth $1,100,000 after acquiring an additional 6,897 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Momentum ETF by 33.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock worth $466,000 after acquiring an additional 1,327 shares during the period. Finally, Truist Financial Corp lifted its holdings in Invesco S&P 500 Momentum ETF by 17.0% during the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after purchasing an additional 872 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO opened at $100.68 on Friday. The company has a 50 day simple moving average of $97.14 and a two-hundred day simple moving average of $92.27. The firm has a market cap of $1.62 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1-year low of $69.19 and a 1-year high of $101.86.
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.
Featured Articles
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- 3 Turnaround Stocks in the Early Innings With More Upside to Come
- Quiet Period Expirations Explained
- Whirlpool: Buy This High-Yielding Value Before It Spins Higher
- How to Calculate Options Profits
- Commvault Systems: Share Price Primed to Vault Higher in 2025
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:SPMO – Free Report).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
