Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $103.44 and last traded at $103.07, with a volume of 911798 shares changing hands. The stock had previously closed at $103.06.
Invesco S&P 500 Momentum ETF Price Performance
The firm’s 50-day moving average price is $98.83 and its 200-day moving average price is $94.01. The stock has a market cap of $1.64 billion, a P/E ratio of 20.66 and a beta of 1.00.
Institutional Trading of Invesco S&P 500 Momentum ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SPMO. PSI Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $48,000. Continuum Advisory LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares during the last quarter. Finally, Comerica Bank bought a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at approximately $68,000.
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.
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