Harel Insurance Investments & Financial Services Ltd. raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 205.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,580 shares of the company’s stock after purchasing an additional 23,940 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,989,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth $33,000. Blue Trust Inc. raised its stake in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth about $48,000. Finally, Team Financial Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 58.4% during the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after buying an additional 173 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Down 1.9%
SPMO stock opened at $150.00 on Thursday. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The firm has a market cap of $21.48 billion, a P/E ratio of 29.51 and a beta of 1.09. The company’s 50-day moving average price is $150.66 and its two-hundred day moving average price is $131.04.
About Invesco S&P 500 Momentum ETF
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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