MML Investors Services LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 567,000 shares of the company’s stock after acquiring an additional 6,640 shares during the quarter. MML Investors Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $67,654,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $33,000. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $44,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $50,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA:SPMO opened at $152.48 on Monday. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 1-year low of $105.74 and a 1-year high of $155.74. The company’s fifty day moving average is $137.69 and its two-hundred day moving average is $125.37.
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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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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