Tectonic Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,595 shares of the company’s stock, valued at approximately $247,000.
A number of other hedge funds have also recently added to or reduced their stakes in SPMO. World Investment Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 1,416.7% in the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after acquiring an additional 281,038 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $23,247,000. Austin Private Wealth LLC bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth $14,567,000. Fischer Investment Strategies LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $11,215,000. Finally, LPL Financial LLC raised its holdings in Invesco S&P 500 Momentum ETF by 10.0% during the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after buying an additional 113,439 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO opened at $102.87 on Friday. The company has a market cap of $1.66 billion, a PE ratio of 20.66 and a beta of 1.00. The stock has a 50-day moving average of $97.62 and a 200-day moving average of $92.71. Invesco S&P 500 Momentum ETF has a 52-week low of $72.87 and a 52-week high of $102.87.
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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