Scarborough Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 63,136.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,839 shares of the company’s stock after acquiring an additional 39,776 shares during the period. Scarborough Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,466,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Capstone Wealth Management Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $18,900,000. Jane Street Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. raised its holdings in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after buying an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after buying an additional 5,209 shares during the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO opened at $143.89 on Monday. The stock has a market capitalization of $20.67 billion, a P/E ratio of 29.51 and a beta of 1.09. The firm has a fifty day simple moving average of $150.78 and a two-hundred day simple moving average of $131.37. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30.
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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