Daviman Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,627 shares of the company’s stock, valued at approximately $4,012,000. Invesco S&P 500 Momentum ETF accounts for 2.4% of Daviman Financial LLC’s holdings, making the stock its 15th biggest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dynamic Advisor Solutions LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after purchasing an additional 57,149 shares during the last quarter. IFP Advisors Inc grew its position in shares of Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after purchasing an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 7,363.6% in the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after purchasing an additional 15,758 shares during the last quarter. Ascent Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 68.4% in the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock valued at $30,145,000 after purchasing an additional 102,587 shares during the last quarter. Finally, Cypress Wealth Services LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 74.9% in the fourth quarter. Cypress Wealth Services LLC now owns 43,100 shares of the company’s stock valued at $5,143,000 after purchasing an additional 18,456 shares during the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO stock opened at $144.94 on Friday. The company’s 50 day simple moving average is $127.06 and its 200-day simple moving average is $121.99. The firm has a market capitalization of $17.67 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $101.80 and a 12 month high of $147.87.
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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