Investment Management Corp VA ADV bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,033 shares of the company’s stock, valued at approximately $1,066,000. Invesco S&P 500 Momentum ETF makes up approximately 0.8% of Investment Management Corp VA ADV’s investment portfolio, making the stock its 29th largest holding.
Several other hedge funds have also recently modified their holdings of the business. Coppell Advisory Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at $26,000. Rosenberg Matthew Hamilton purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $33,000. Toth Financial Advisory Corp purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $34,000. Monetary Solutions Ltd bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $41,000. Finally, Caldwell Trust Co bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $42,000.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA SPMO opened at $124.41 on Friday. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The stock has a 50-day moving average of $145.48 and a 200 day moving average of $138.08. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of 29.51 and a beta of 1.12.
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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