Scarborough Advisors LLC Raises Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Scarborough Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 63,136.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,839 shares of the company’s stock after purchasing an additional 39,776 shares during the period. Scarborough Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after buying an additional 182,485 shares during the last quarter. CWM LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after acquiring an additional 369,627 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after acquiring an additional 374,417 shares during the last quarter. Morgan Stanley grew its position in Invesco S&P 500 Momentum ETF by 8.1% in the fourth quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after acquiring an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after acquiring an additional 385,146 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $143.89 on Monday. The business’s fifty day simple moving average is $150.78 and its 200 day simple moving average is $131.37. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a market cap of $20.67 billion, a PE ratio of 29.51 and a beta of 1.09.

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.