Truist Financial Corp Purchases 38,197 Shares of Invesco S&P 500 Momentum ETF $SPMO

Truist Financial Corp grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 51.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,883 shares of the company’s stock after purchasing an additional 38,197 shares during the period. Truist Financial Corp’s holdings in Invesco S&P 500 Momentum ETF were worth $13,666,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPMO. Castleview Partners LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 3.2% during the third quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after buying an additional 84 shares during the last quarter. Stephens Inc. AR raised its position in Invesco S&P 500 Momentum ETF by 2.1% in the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after buying an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 0.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after acquiring an additional 94 shares during the period. Fourth Dimension Wealth LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 33.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Sutton Place Investors LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 1.8% in the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after acquiring an additional 109 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.5%

NYSEARCA:SPMO opened at $119.87 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The company has a market cap of $13.63 billion, a PE ratio of 29.51 and a beta of 0.98. The company has a 50 day simple moving average of $119.62 and a two-hundred day simple moving average of $118.81.

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.