RFG Advisory LLC Buys 109,330 Shares of Invesco S&P 500 Momentum ETF $SPMO

RFG Advisory LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 642.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,354 shares of the company’s stock after acquiring an additional 109,330 shares during the period. RFG Advisory LLC owned 0.12% of Invesco S&P 500 Momentum ETF worth $15,296,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SPMO. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $317,167,000. Envestnet Asset Management Inc. boosted its position in Invesco S&P 500 Momentum ETF by 35.8% during the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after acquiring an additional 2,151,980 shares during the last quarter. CWM LLC grew its holdings in Invesco S&P 500 Momentum ETF by 87.2% during the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after acquiring an additional 1,144,827 shares during the period. Osaic Holdings Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 126.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after acquiring an additional 612,432 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $119.84 on Monday. The stock has a market capitalization of $13.61 billion, a P/E ratio of 29.51 and a beta of 0.98. The business has a 50 day simple moving average of $119.60 and a 200 day simple moving average of $119.02. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.

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.