Commonwealth Equity Services LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 505,729 shares of the company’s stock, valued at approximately $76,658,000.

Several other institutional investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $33,000. Toth Financial Advisory Corp acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $34,000. Monetary Solutions Ltd acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $41,000. Caldwell Trust Co acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $42,000. Finally, Montgomery Financial Services LLC bought a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $46,000.

Invesco S&P 500 Momentum ETF Stock Up 1.6%

SPMO stock traded up $1.96 during mid-day trading on Friday, reaching $124.41. 3,234,605 shares of the company traded hands, compared to its average volume of 1,999,229. The stock has a market cap of $19.55 billion, a price-to-earnings ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The firm’s 50 day moving average price is $145.48 and its 200 day moving average price is $138.08.

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.