Midwest Financial Network LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,489 shares of the company’s stock, valued at approximately $503,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $33,000. Blue Trust Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares during the period. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth about $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $48,000. Finally, Wellington Grp LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 43.6% in the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after purchasing an additional 139 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 0.3%
Shares of SPMO opened at $143.83 on Friday. The stock has a market cap of $20.91 billion, a P/E ratio of 29.51 and a beta of 1.09. The business’s 50 day moving average price is $150.92 and its 200-day moving average price is $133.05. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.
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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