Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Holdings Lifted by Principal Securities Inc.

Principal Securities Inc. grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 321,860 shares of the company’s stock after purchasing an additional 30,133 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 0.7% of Principal Securities Inc.’s holdings, making the stock its 26th biggest position. Principal Securities Inc. owned 2.00% of Invesco S&P 500 Momentum ETF worth $29,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $38,000. Concourse Financial Group Securities Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $60,000. Simplicity Wealth LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $213,000. Finally, Brookstone Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $214,000.

Invesco S&P 500 Momentum ETF Trading Down 2.1 %

Shares of NYSEARCA:SPMO opened at $90.82 on Friday. The company has a 50 day moving average of $90.48 and a 200-day moving average of $86.10. The firm has a market cap of $1.46 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a twelve month low of $55.77 and a twelve month high of $94.69.

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.