Parker Investment Management LLC Makes New $15.90 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Parker Investment Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 141,338 shares of the company’s stock, valued at approximately $15,896,000. Invesco S&P 500 Momentum ETF makes up 2.2% of Parker Investment Management LLC’s portfolio, making the stock its 12th largest position. Parker Investment Management LLC owned about 0.15% of Invesco S&P 500 Momentum ETF as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its stake in Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after buying an additional 132 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $31,000. Rossby Financial LCC boosted its holdings in Invesco S&P 500 Momentum ETF by 237.8% in the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. WealthShield Partners LLC grew its holdings in Invesco S&P 500 Momentum ETF by 51.2% during the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the period. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.1%

Shares of SPMO opened at $117.83 on Friday. The stock’s 50 day moving average is $120.59 and its two-hundred day moving average is $113.78. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The firm has a market cap of $12.87 billion, a P/E ratio of 29.51 and a beta of 0.98.

Invesco S&P 500 Momentum ETF 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.