Private Advisor Group LLC Purchases 35,630 Shares of Invesco S&P 500 Momentum ETF $SPMO

Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,480 shares of the company’s stock after acquiring an additional 35,630 shares during the period. Private Advisor Group LLC owned about 0.47% of Invesco S&P 500 Momentum ETF worth $63,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Invesco S&P 500 Momentum ETF by 1,586.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after purchasing an additional 1,339,497 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Momentum ETF by 75.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after purchasing an additional 531,093 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 62.0% in the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Invesco S&P 500 Momentum ETF by 254.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock worth $65,356,000 after buying an additional 391,694 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $150.83 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a market capitalization of $21.10 billion, a P/E ratio of 29.51 and a beta of 1.09. The stock has a fifty day moving average of $147.31 and a 200-day moving average of $129.01.

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.