Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $157.75 and last traded at $157.18, with a volume of 396754 shares changing hands. The stock had previously closed at $152.48.
Invesco S&P 500 Momentum ETF Price Performance
The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The business’s fifty day simple moving average is $137.69 and its 200 day simple moving average is $125.37.
Hedge Funds Weigh In On Invesco S&P 500 Momentum ETF
Hedge funds have recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth $18,900,000. Jane Street Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the last quarter. Invesco Ltd. grew its stake in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after buying an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after buying an additional 5,209 shares during the last quarter.
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.
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