D.A. Davidson & CO. lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,062 shares of the company’s stock after purchasing an additional 209 shares during the quarter. D.A. Davidson & CO.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,819,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. WealthShield Partners LLC lifted its position in Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 342.5% in the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Compass Financial Services Inc bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $71,000. Global Trust Asset Management LLC bought a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at approximately $87,000. Finally, NorthRock Partners LLC bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $73,000.
Invesco S&P 500 Momentum ETF Trading Up 1.1%
SPMO stock opened at $121.71 on Friday. The stock has a market capitalization of $13.24 billion, a PE ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $122.63. The stock’s 50 day simple moving average is $119.36 and its 200 day simple moving average is $110.49.
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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