Kovack Advisors Inc. Has $28.79 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Kovack Advisors Inc. raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 95.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,819 shares of the company’s stock after purchasing an additional 116,315 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 2.7% of Kovack Advisors Inc.’s holdings, making the stock its 3rd largest holding. Kovack Advisors Inc. owned 0.22% of Invesco S&P 500 Momentum ETF worth $28,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Castleview Partners LLC raised its position in Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after buying an additional 84 shares during the last quarter. Stephens Inc. AR boosted its holdings in Invesco S&P 500 Momentum ETF by 2.1% during the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares during the last quarter. Caliber Wealth Management LLC KS grew its position in Invesco S&P 500 Momentum ETF by 4.9% in the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after purchasing an additional 90 shares in the last quarter. LexAurum Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF by 4.3% in the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after buying an additional 92 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 0.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after buying an additional 94 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $119.39 on Friday. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The firm has a 50-day moving average of $119.43 and a 200-day moving average of $119.25. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year 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.