NewEdge Advisors LLC Buys 59,349 Shares of Invesco S&P 500 Momentum ETF $SPMO

NewEdge Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 42.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,379 shares of the company’s stock after purchasing an additional 59,349 shares during the quarter. NewEdge Advisors LLC owned approximately 0.14% of Invesco S&P 500 Momentum ETF worth $32,369,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after purchasing an additional 1,339,497 shares during the period. Invst LLC lifted its position in Invesco S&P 500 Momentum ETF by 8.9% during the fourth quarter. Invst LLC now owns 306,818 shares of the company’s stock worth $36,610,000 after purchasing an additional 25,006 shares during the period. Synergy Investment Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 91.7% during the fourth quarter. Synergy Investment Management LLC now owns 39,483 shares of the company’s stock worth $4,711,000 after purchasing an additional 18,883 shares during the period. Triton Wealth Management PLLC grew its stake in Invesco S&P 500 Momentum ETF by 13.5% during the fourth quarter. Triton Wealth Management PLLC now owns 241,617 shares of the company’s stock worth $28,694,000 after buying an additional 28,659 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth about $441,000.

Invesco S&P 500 Momentum ETF Trading Down 0.1%

NYSEARCA SPMO opened at $150.30 on Thursday. The firm’s 50 day simple moving average is $148.55 and its 200 day simple moving average is $139.05. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.

About Invesco S&P 500 Momentum ETF

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.