Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $157.75 and last traded at $157.18, with a volume of 396754 shares traded. The stock had previously closed at $152.48.
Invesco S&P 500 Momentum ETF Stock Up 3.4%
The company has a market cap of $19.21 billion, a P/E ratio of 29.51 and a beta of 1.11. The company has a 50 day moving average price of $137.69 and a 200-day moving average price of $125.37.
Institutional Investors Weigh In On Invesco S&P 500 Momentum ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Midwest Financial Network LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $503,000. Parallel Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 1,988.0% during the first quarter. Parallel Advisors LLC now owns 522 shares of the company’s stock worth $59,000 after purchasing an additional 497 shares during the period. NewEdge Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 3.5% during the first quarter. NewEdge Advisors LLC now owns 141,030 shares of the company’s stock worth $15,811,000 after purchasing an additional 4,783 shares during the period. Security Financial Services INC. boosted its position in Invesco S&P 500 Momentum ETF by 2.4% during the first quarter. Security Financial Services INC. now owns 85,329 shares of the company’s stock worth $9,566,000 after purchasing an additional 2,035 shares during the period. Finally, Wellington Grp LLC boosted its position in Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after purchasing an additional 139 shares during the period.
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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