Hershey Financial Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,995 shares of the company’s stock, valued at approximately $562,000.
Several other hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in Invesco S&P 500 Momentum ETF in the second quarter worth $26,000. GHP Investment Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $31,000. Rossby Financial LCC increased its stake in shares of Invesco S&P 500 Momentum ETF by 237.8% in the 2nd quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after acquiring an additional 214 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of SPMO opened at $119.10 on Friday. The stock has a market cap of $13.01 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm’s 50-day simple moving average is $119.85 and its two-hundred day simple moving average is $116.23.
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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