Berbice Capital Management LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,351 shares of the company’s stock, valued at approximately $1,268,000. Invesco S&P 500 Momentum ETF comprises approximately 1.0% of Berbice Capital Management LLC’s holdings, making the stock its 18th largest holding. Berbice Capital Management LLC owned 0.08% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in Invesco S&P 500 Momentum ETF during the second quarter worth about $1,740,000. Marshall Wace LLP raised its holdings in Invesco S&P 500 Momentum ETF by 221.6% during the second quarter. Marshall Wace LLP now owns 92,951 shares of the company’s stock worth $8,129,000 after purchasing an additional 64,044 shares in the last quarter. MidWestOne Financial Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at about $237,000. Creative Planning purchased a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at about $1,262,000. Finally, NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 121.4% in the second quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock valued at $1,100,000 after buying an additional 6,897 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO stock opened at $101.70 on Friday. The company’s 50 day simple moving average is $96.60 and its 200-day simple moving average is $91.94. The firm has a market capitalization of $1.64 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $69.08 and a 12 month high of $101.44.
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.
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