Avidian Wealth Enterprises LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 142,623 shares of the company’s stock, valued at approximately $21,619,000. Avidian Wealth Enterprises LLC owned approximately 0.09% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 5.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,620 shares of the company’s stock valued at $1,003,000 after purchasing an additional 362 shares during the period. Tactive Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 36.6% in the third quarter. Tactive Advisors LLC now owns 57,145 shares of the company’s stock valued at $8,662,000 after buying an additional 15,304 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $34,000. City Center Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 8.2% in the third quarter. City Center Advisors LLC now owns 1,357 shares of the company’s stock valued at $206,000 after buying an additional 103 shares during the last quarter. Finally, Venture Visionary Partners LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 4.4% during the 3rd quarter. Venture Visionary Partners LLC now owns 136,183 shares of the company’s stock worth $20,643,000 after acquiring an additional 5,695 shares during the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO stock traded down $2.42 during midday trading on Thursday, reaching $150.59. 853,911 shares of the company were exchanged, compared to its average volume of 1,941,783. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The business has a 50-day moving average price of $149.33 and a two-hundred day moving average price of $143.51.
Invesco S&P 500 Momentum ETF 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.
See Also
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
- This Space ETF Offers SpaceX Exposure—But Investors Are Paying for the Volatilit
- Does Lemonade’s Growth Signal Profits Ahead?
- These 3 ETFs Could Benefit From the Parts of Inflation That Won’t Go Away
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
