Thoroughbred Financial Services LLC Has $4.43 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Thoroughbred Financial Services LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 84.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,377 shares of the company’s stock after purchasing an additional 18,040 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,428,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPMO. Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after purchasing an additional 2,151,980 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 64.3% during the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after acquiring an additional 1,400,512 shares in the last quarter. Mainstay Capital Management LLC ADV increased its position in shares of Invesco S&P 500 Momentum ETF by 111.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after acquiring an additional 1,388,287 shares in the last quarter. CWM LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 87.2% during the second quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after acquiring an additional 1,144,827 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $40,743,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $117.83 on Friday. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The business’s 50-day moving average price is $120.59 and its two-hundred day moving average price is $113.65. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56.

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.