Robinhood Asset Management LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Robinhood Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,984 shares of the company’s stock, valued at approximately $714,000.

Several other institutional investors and hedge funds have also modified their holdings of SPMO. Schroder Investment Management Group purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $27,000. Blue Trust Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $31,000. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $33,000. Finally, Salomon & Ludwin LLC raised its holdings in Invesco S&P 500 Momentum ETF by 117.9% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after buying an additional 165 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $115.67 on Tuesday. The stock has a market capitalization of $13.22 billion, a P/E ratio of 29.51 and a beta of 0.98. The business has a 50-day moving average of $117.56 and a two-hundred day moving average of $119.06. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week 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.