NewEdge Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 42.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 200,379 shares of the company’s stock after purchasing an additional 59,349 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $32,369,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of SPMO. Coppell Advisory Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $26,000. Blue Trust Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the period. Montgomery Financial Services LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $46,000. Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $48,000. Finally, Wellington Grp LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 43.6% during the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after purchasing an additional 139 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
NYSEARCA SPMO opened at $150.30 on Thursday. The stock has a market capitalization of $22.01 billion, a P/E ratio of 29.51 and a beta of 1.10. The business has a 50 day simple moving average of $148.55 and a 200 day simple moving average of $139.05. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30.
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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