Synergy Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,663 shares of the company’s stock, valued at approximately $1,488,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TSA Wealth Managment LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $3,123,000. Steward Partners Investment Advisory LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 8,094.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,878 shares of the company’s stock valued at $2,554,000 after purchasing an additional 26,550 shares during the period. Meridian Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at $540,000. Detalus Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $3,857,000. Finally, Maia Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $2,529,000.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA:SPMO opened at $97.66 on Tuesday. Invesco S&P 500 Momentum ETF has a 52-week low of $74.40 and a 52-week high of $103.44. The stock has a fifty day moving average of $99.21 and a 200 day moving average of $94.93. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94.
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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