Professional Financial Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,908 shares of the company’s stock after purchasing an additional 462 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 1.1% of Professional Financial Advisors LLC’s portfolio, making the stock its 18th largest position. Professional Financial Advisors LLC owned about 0.29% of Invesco S&P 500 Momentum ETF worth $4,252,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $34,000. ORG Partners LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $38,000. Concourse Financial Group Securities Inc. raised its position in Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after buying an additional 290 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $60,000. Finally, Simplicity Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $213,000.
Invesco S&P 500 Momentum ETF Trading Up 1.0 %
SPMO opened at $93.67 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $55.32 and a 12-month high of $93.70. The firm has a market capitalization of $1.51 billion, a PE ratio of 20.66 and a beta of 1.00. The firm has a 50 day moving average of $88.32 and a two-hundred day moving average of $84.84.
About Invesco S&P 500 Momentum ETF
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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