Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 610.6% during the fourth quarter, HoldingsChannel reports. The firm owned 44,477 shares of the company’s stock after buying an additional 38,218 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco S&P 500 Momentum ETF were worth $5,318,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $317,167,000. Bank of America Corp DE increased its position in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after acquiring an additional 562,290 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $65,042,000. Raymond James Financial Inc. raised its stake in Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after acquiring an additional 513,037 shares during the last quarter. Finally, CWM LLC lifted its position in Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after acquiring an additional 369,627 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.8%

Shares of SPMO stock opened at $126.65 on Wednesday. The business’s 50 day moving average is $118.70 and its two-hundred day moving average is $119.34. Invesco S&P 500 Momentum ETF has a twelve month low of $86.88 and a twelve month high of $128.51. The company has a market capitalization of $14.83 billion, a P/E ratio of 29.51 and a beta of 1.02.

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.