Invesco S&P 500 Momentum ETF $SPMO is IFC & Insurance Marketing Inc.’s 3rd Largest Position

IFC & Insurance Marketing Inc. raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 44.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,362 shares of the company’s stock after acquiring an additional 18,544 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 7.1% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its 3rd largest position. IFC & Insurance Marketing Inc. owned about 0.05% of Invesco S&P 500 Momentum ETF worth $6,767,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Capstone Wealth Management Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $18,900,000. Jane Street Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after buying an additional 31,344 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invesco S&P 500 Momentum ETF by 43.9% in the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 11.7% in the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after acquiring an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.1%

NYSEARCA SPMO opened at $161.66 on Tuesday. Invesco S&P 500 Momentum ETF has a 52 week low of $106.57 and a 52 week high of $162.30. The business’s fifty day simple moving average is $142.56 and its 200-day simple moving average is $127.02. The firm has a market cap of $19.71 billion, a PE ratio of 29.51 and a beta of 1.11.

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.