Sonoma Allocations LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm bought 5,061 shares of the company’s stock, valued at approximately $589,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPMO. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the period. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter valued at $48,000. Finally, Team Financial Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 58.4% during the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after acquiring an additional 173 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Up 5.2%
Shares of Invesco S&P 500 Momentum ETF stock opened at $143.42 on Friday. The business has a 50-day moving average price of $150.94 and a two-hundred day moving average price of $132.97. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The company has a market cap of $20.80 billion, a P/E ratio of 29.51 and a beta of 1.09.
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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