Money Concepts Capital Corp Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Money Concepts Capital Corp acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 169,498 shares of the company’s stock, valued at approximately $25,693,000. Invesco S&P 500 Momentum ETF makes up 1.1% of Money Concepts Capital Corp’s portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $353,565,000. Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $119,358,000. Planning Alternatives Ltd. ADV grew its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the period. Finally, Redwood Investment Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.0%

Shares of SPMO opened at $134.43 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 company has a 50-day simple moving average of $144.33 and a 200-day simple moving average of $138.36. The company has a market capitalization of $21.10 billion, a PE ratio of 21.44 and a beta of 1.12.

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.