Foundations Investment Advisors LLC Buys 35,125 Shares of Invesco S&P 500 Momentum ETF $SPMO

Foundations Investment Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,583.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,343 shares of the company’s stock after purchasing an additional 35,125 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group bought a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $27,000. GHP Investment Advisors Inc. increased its position in Invesco S&P 500 Momentum ETF by 99.2% during the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after acquiring an additional 132 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at about $31,000. Finally, Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $31,000.

Invesco S&P 500 Momentum ETF Stock Up 1.1%

Invesco S&P 500 Momentum ETF stock opened at $120.52 on Friday. The business has a 50-day simple moving average of $119.51 and a two-hundred day simple moving average of $118.72. The company has a market cap of $13.71 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

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.