Private Advisor Group LLC Buys 35,630 Shares of Invesco S&P 500 Momentum ETF $SPMO

Private Advisor Group LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 562,480 shares of the company’s stock after acquiring an additional 35,630 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $63,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $18,900,000. Jane Street Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. raised its stake in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after buying an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 11.7% in the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after buying an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 2.9%

Shares of SPMO opened at $150.83 on Friday. The stock has a market capitalization of $21.10 billion, a P/E ratio of 29.51 and a beta of 1.09. The firm’s fifty day simple moving average is $147.31 and its two-hundred day simple moving average is $129.01. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

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.