Truist Financial Corp lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 51.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,883 shares of the company’s stock after buying an additional 38,197 shares during the quarter. Truist Financial Corp owned approximately 0.10% of Invesco S&P 500 Momentum ETF worth $13,666,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Schroder Investment Management Group purchased a new stake in Invesco S&P 500 Momentum ETF in the second quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $27,000. GHP Investment Advisors Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after purchasing an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $31,000. Finally, Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $31,000.
Invesco S&P 500 Momentum ETF Trading Down 0.5%
Shares of NYSEARCA:SPMO opened at $119.87 on Friday. The stock has a fifty day simple moving average of $119.62 and a two-hundred day simple moving average of $118.81. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.
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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