Cresset Asset Management LLC Takes $3.17 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Cresset Asset Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 26,153 shares of the company’s stock, valued at approximately $3,166,000.

A number of other hedge funds also recently modified their holdings of the stock. Schroder Investment Management Group bought a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $31,000. Blue Trust Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $31,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $33,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $118.24 on Friday. The company’s 50 day simple moving average is $119.39 and its 200 day simple moving average is $119.44. The stock has a market capitalization of $13.42 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.

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.