Ascent Group LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 68.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 252,643 shares of the company’s stock after purchasing an additional 102,587 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 1.0% of Ascent Group LLC’s holdings, making the stock its 20th biggest holding. Ascent Group LLC owned approximately 0.22% of Invesco S&P 500 Momentum ETF worth $30,145,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Schroder Investment Management Group purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $27,000. Blue Trust Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $31,000. Dunhill Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $33,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 117.9% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after purchasing an additional 165 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO stock opened at $114.74 on Friday. The firm has a market cap of $13.11 billion, a P/E 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 has a 50-day simple moving average of $117.62 and a 200-day simple moving average of $119.11.
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.
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