Private Advisor Group LLC Raises Holdings in Invesco S&P 500 Momentum ETF $SPMO

Private Advisor Group LLC increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 240.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 516,283 shares of the company’s stock after buying an additional 364,425 shares during the period. Private Advisor Group LLC owned about 0.47% of Invesco S&P 500 Momentum ETF worth $62,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SPMO. Capstone Wealth Management Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after acquiring an additional 65,515 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $18,900,000. Jane Street Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after purchasing an additional 31,344 shares during the last quarter. Bank of Montreal Can boosted its position in Invesco S&P 500 Momentum ETF by 93.2% during the second quarter. Bank of Montreal Can now owns 2,865 shares of the company’s stock valued at $322,000 after purchasing an additional 1,382 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the second quarter valued at about $135,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $118.24 on Monday. The firm has a market capitalization of $13.42 billion, a PE ratio of 29.51 and a beta of 0.98. The business’s 50-day moving average is $119.39 and its two-hundred day moving average is $119.50. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 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.