Harbour Investments Inc. increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,128 shares of the company’s stock after buying an additional 6,570 shares during the period. Harbour Investments Inc. owned 0.23% of Invesco S&P 500 Momentum ETF worth $3,365,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $38,000. Concourse Financial Group Securities Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 26.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after purchasing an additional 200 shares during the last quarter. TKG Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $204,000. Finally, Simplicity Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $213,000.
Invesco S&P 500 Momentum ETF Trading Down 0.2 %
Shares of SPMO opened at $96.55 on Wednesday. The business’s fifty day simple moving average is $91.23 and its two-hundred day simple moving average is $87.10. Invesco S&P 500 Momentum ETF has a 12 month low of $60.22 and a 12 month high of $97.36. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.
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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