Oppenheimer & Co. Inc. purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 224,266 shares of the company’s stock, valued at approximately $33,994,000.
Other institutional investors also recently modified their holdings of the company. First Heartland Consultants Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $7,060,000. Schuylkill Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth about $1,513,000. Lunt Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $3,224,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares during the last quarter. Finally, Concorde Asset Management LLC lifted its position in shares of 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 purchasing an additional 6,473 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 1.4%
Shares of NYSEARCA:SPMO opened at $140.55 on Tuesday. The business has a 50 day moving average price of $148.34 and a 200 day moving average price of $137.30. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market cap of $21.76 billion, a price-to-earnings 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.
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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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