Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sets New 52-Week High – Here’s Why

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $135.49 and last traded at $135.36, with a volume of 390554 shares traded. The stock had previously closed at $134.42.

Invesco S&P 500 Momentum ETF Price Performance

The company has a 50 day moving average of $120.37 and a 200-day moving average of $119.85. The stock has a market capitalization of $16.39 billion, a P/E ratio of 29.51 and a beta of 1.09.

Institutional Trading of Invesco S&P 500 Momentum ETF

A number of institutional investors have recently made changes to their positions in SPMO. Cullen Frost Bankers Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $27,000. Blue Trust Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $31,000. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $33,000. Finally, Salomon & Ludwin LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 117.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after purchasing an additional 165 shares during the period.

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.