16,515 Shares of Invesco S&P 500 Momentum ETF $SPMO Purchased by Entrust Financial LLC

Entrust Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,515 shares of the company’s stock, valued at approximately $2,503,000. Invesco S&P 500 Momentum ETF accounts for approximately 1.2% of Entrust Financial LLC’s investment portfolio, making the stock its 20th largest position.

A number of other institutional investors have also recently bought and sold shares of SPMO. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $353,565,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after buying an additional 128,087 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $119,358,000. Planning Alternatives Ltd. ADV boosted its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after acquiring an additional 138,915 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $76,658,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $124.41 on Monday. The firm has a market capitalization of $19.55 billion, a PE ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The business’s 50 day simple moving average is $145.48 and its 200 day simple moving average is $138.08.

Invesco S&P 500 Momentum ETF 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.