Merit Financial Group LLC Boosts Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Merit Financial Group LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 35.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,765 shares of the company’s stock after purchasing an additional 11,475 shares during the period. Merit Financial Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Invesco S&P 500 Momentum ETF by 35.8% during the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after acquiring an additional 2,151,980 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 126.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after purchasing an additional 612,432 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% during the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after purchasing an additional 562,290 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 153.7% in the second quarter. Raymond James Financial Inc. now owns 827,966 shares of the company’s stock valued at $93,121,000 after purchasing an additional 501,664 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Invesco S&P 500 Momentum ETF by 72.4% in the second quarter. Cetera Investment Advisers now owns 956,288 shares of the company’s stock valued at $107,554,000 after purchasing an additional 401,481 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.0%

NYSEARCA SPMO opened at $118.25 on Tuesday. The company has a market capitalization of $13.43 billion, a PE ratio of 29.51 and a beta of 0.98. The business’s 50-day moving average price is $119.56 and its 200 day moving average price is $119.21. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56.

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.