Kovack Advisors Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 286,372 shares of the company’s stock after purchasing an additional 48,553 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 1.7% of Kovack Advisors Inc.’s holdings, making the stock its 7th largest position. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $34,170,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $33,000. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $33,000. Dogwood Wealth Management LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $44,000. MAI Capital Management acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $50,000. Finally, Salomon & Ludwin LLC raised its holdings in Invesco S&P 500 Momentum ETF by 61.3% in the 4th quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 4.8%
Invesco S&P 500 Momentum ETF stock opened at $150.58 on Friday. The business has a 50 day moving average price of $136.93 and a two-hundred day moving average price of $125.12. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12 month low of $105.74 and a 12 month high of $155.74.
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.
Featured Stories
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
