MML Investors Services LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,000 shares of the company’s stock after acquiring an additional 6,640 shares during the period. MML Investors Services LLC owned 0.50% of Invesco S&P 500 Momentum ETF worth $67,654,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at $33,000. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $33,000. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $44,000. MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at $50,000. Finally, Salomon & Ludwin LLC raised its holdings in Invesco S&P 500 Momentum ETF by 61.3% in the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO opened at $152.48 on Monday. The stock has a market capitalization of $18.59 billion, a PE ratio of 29.51 and a beta of 1.11. The firm’s fifty day moving average price is $137.69 and its 200 day moving average price is $125.37. Invesco S&P 500 Momentum ETF has a 12-month low of $105.74 and a 12-month high of $155.74.
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.
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