MRA Advisory Group Acquires 40,320 Shares of Invesco S&P 500 Momentum ETF $SPMO

MRA Advisory Group purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,320 shares of the company’s stock, valued at approximately $6,112,000. Invesco S&P 500 Momentum ETF makes up about 2.2% of MRA Advisory Group’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Schuylkill Financial LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at about $1,513,000. Concorde Asset Management LLC grew its position in Invesco S&P 500 Momentum ETF by 12.2% during the 2nd quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock worth $9,651,000 after acquiring an additional 6,473 shares during the last quarter. Lunt Capital Management Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $3,224,000. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after purchasing an additional 128,087 shares during the last quarter. Finally, Noble Wealth Partners LLC bought a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at about $3,578,000.

Invesco S&P 500 Momentum ETF Stock Up 0.1%

Shares of SPMO stock traded up $0.10 during mid-day trading on Wednesday, reaching $153.09. 1,249,724 shares of the stock traded hands, compared to its average volume of 1,943,599. The company has a market cap of $23.30 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The stock’s fifty day simple moving average is $149.00 and its two-hundred day simple moving average is $143.25. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

Invesco S&P 500 Momentum ETF Company Profile

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.