Smart Money Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 378.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,308 shares of the company’s stock after buying an additional 7,362 shares during the quarter. Smart Money Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,127,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group purchased a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $27,000. GHP Investment Advisors Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $31,000. Finally, Blue Trust Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $31,000.
Invesco S&P 500 Momentum ETF Trading Down 0.4%
NYSEARCA:SPMO opened at $119.47 on Monday. The stock has a 50 day moving average of $119.55 and a two-hundred day moving average of $119.40. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The firm has a market cap of $13.56 billion, a P/E ratio of 29.51 and a beta of 0.98.
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.
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