International Assets Investment Management LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 2,683.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the company’s stock after acquiring an additional 241,017 shares during the quarter. International Assets Investment Management LLC owned approximately 0.16% of Invesco S&P 500 Momentum ETF worth $37,895,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SPMO. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $353,565,000. Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV grew its holdings in shares of Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the last quarter. Alpine Bank Wealth Management increased its stake in shares of Invesco S&P 500 Momentum ETF by 1.4% in the third quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock valued at $75,492,000 after buying an additional 7,043 shares in the last quarter. Finally, Redwood Investment Management LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 5.3% in the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after buying an additional 33,157 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Down 4.3%
Invesco S&P 500 Momentum ETF stock opened at $136.27 on Friday. The stock has a 50-day simple moving average of $147.35 and a 200 day simple moving average of $137.83. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.
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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