Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Reaches New 12-Month High – Here’s What Happened

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $103.44 and last traded at $103.07, with a volume of 911798 shares traded. The stock had previously closed at $103.06.

Invesco S&P 500 Momentum ETF Price Performance

The firm has a market capitalization of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. The firm’s 50 day simple moving average is $98.48 and its two-hundred day simple moving average is $93.75.

Institutional Trading of Invesco S&P 500 Momentum ETF

Hedge funds have recently added to or reduced their stakes in the business. PSI Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $48,000. Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares during the last quarter. Finally, Comerica Bank bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $68,000.

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.