Allworth Financial LP Acquires 6,309 Shares of Invesco S&P 500 Momentum ETF $SPMO

Allworth Financial LP lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,335 shares of the company’s stock after purchasing an additional 6,309 shares during the period. Allworth Financial LP’s holdings in Invesco S&P 500 Momentum ETF were worth $4,036,000 as of its most recent SEC filing.

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

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $113.78 on Friday. The firm’s 50-day moving average is $118.81 and its 200 day moving average is $119.49. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The company has a market capitalization of $12.92 billion, a PE ratio of 29.51 and a beta of 0.98.

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.