Petra Financial Advisors Inc. Raises Holdings in Invesco S&P 500 Momentum ETF $SPMO

Petra Financial Advisors Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 206.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,029 shares of the company’s stock after buying an additional 6,756 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,128,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% in the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after acquiring an additional 2,151,980 shares in the last quarter. LPL Financial LLC increased its position in Invesco S&P 500 Momentum ETF by 64.3% during the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after purchasing an additional 1,400,512 shares during the period. Mainstay Capital Management LLC ADV raised its holdings in shares of Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after purchasing an additional 1,388,287 shares in the last quarter. CWM LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after purchasing an additional 1,144,827 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $40,743,000.

Invesco S&P 500 Momentum ETF Stock Up 1.1%

Shares of SPMO stock opened at $123.00 on Tuesday. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The company’s 50 day moving average is $119.47 and its 200 day moving average is $110.83. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $123.04.

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.