Oppenheimer & Co. Inc. Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Oppenheimer & Co. Inc. acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 224,266 shares of the company’s stock, valued at approximately $33,994,000. Oppenheimer & Co. Inc. owned about 0.14% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Coppell Advisory Solutions LLC bought a new stake in Invesco S&P 500 Momentum ETF in the second quarter worth $26,000. Rosenberg Matthew Hamilton bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at about $33,000. Toth Financial Advisory Corp bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at about $34,000. Blue Trust Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Finally, Monetary Solutions Ltd acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth about $41,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $140.55 on Tuesday. 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 business has a 50-day moving average of $148.34 and a two-hundred day moving average of $137.30. The stock has a market capitalization of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10.

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.