Alta Wealth Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,395 shares of the company’s stock, valued at approximately $653,000.
A number of other hedge funds also recently made changes to their positions in the business. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth about $317,167,000. Envestnet Asset Management Inc. boosted its position in Invesco S&P 500 Momentum ETF by 35.8% during the 2nd 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 period. Mainstay Capital Management LLC ADV boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 111.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares during the period. CWM LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 87.2% during the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after acquiring an additional 1,144,827 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after purchasing an additional 612,432 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO opened at $118.83 on Tuesday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The stock has a 50-day moving average of $119.26 and a 200-day moving average of $118.65. The company has a market cap of $13.51 billion, a PE ratio of 29.51 and a beta of 0.98.
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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