Next Level Private LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 57,026 shares of the company’s stock, valued at approximately $6,393,000. Invesco S&P 500 Momentum ETF comprises about 1.4% of Next Level Private LLC’s portfolio, making the stock its 18th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $33,000. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. increased its position in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $44,000. Finally, Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $48,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO stock opened at $154.20 on Monday. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The firm’s 50 day moving average price is $144.97 and its two-hundred day moving average price is $128.01.
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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