Herbst Group LLC Invests $2.48 Million in Invesco S&P 500 Momentum ETF $SPMO

Herbst Group LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,365 shares of the company’s stock, valued at approximately $2,482,000.

Several other institutional investors have also added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $18,900,000. Jane Street Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. increased its position in shares of Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after buying an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after buying an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $149.69 on Monday. The company has a market capitalization of $21.92 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The firm has a fifty day simple moving average of $150.93 and a 200 day simple moving average of $134.17.

About Invesco S&P 500 Momentum ETF

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.