CoreCap Advisors LLC Acquires Shares of 6,571 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

CoreCap Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, Holdings Channel.com reports. The fund bought 6,571 shares of the company’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $34,000. ORG Partners LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth $38,000. YHB Investment Advisors Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $50,000. Concourse Financial Group Securities Inc. raised its stake in Invesco S&P 500 Momentum ETF by 103.9% in the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth about $60,000.

Invesco S&P 500 Momentum ETF Stock Up 0.3 %

SPMO stock opened at $89.03 on Friday. The company’s 50-day moving average price is $86.82 and its two-hundred day moving average price is $83.16. The firm has a market cap of $1.43 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $55.32 and a 12 month high of $91.64.

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.