Herbst Group LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Herbst Group LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 15,365 shares of the company’s stock, valued at approximately $2,482,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after acquiring an additional 182,485 shares in the last quarter. CWM LLC boosted its stake in Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after acquiring an additional 369,627 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after acquiring an additional 374,417 shares in the last quarter. Morgan Stanley grew its holdings in Invesco S&P 500 Momentum ETF by 8.1% in the fourth quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after purchasing an additional 199,934 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after purchasing an additional 385,146 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $149.69 on Monday. The firm’s 50-day moving average price is $150.93 and its 200-day moving average price is $134.17. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The firm has a market capitalization of $21.92 billion, a P/E ratio of 29.51 and a beta of 1.10.

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.