Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 116.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,101 shares of the company’s stock after acquiring an additional 57,149 shares during the period. Dynamic Advisor Solutions LLC owned about 0.09% of Invesco S&P 500 Momentum ETF worth $12,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPMO. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $27,000. Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $31,000. Dunhill Financial LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $33,000. Finally, Salomon & Ludwin LLC increased its position in Invesco S&P 500 Momentum ETF by 117.9% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after buying an additional 165 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $113.78 on Monday. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The stock’s fifty day moving average is $118.81 and its two-hundred day moving average is $119.55.

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.