Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Purchased by Smart Money Group LLC

Smart Money Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 255,603 shares of the company’s stock after buying an additional 10,819 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 8.4% of Smart Money Group LLC’s investment portfolio, making the stock its 3rd largest position. Smart Money Group LLC owned approximately 1.59% of Invesco S&P 500 Momentum ETF worth $24,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Castle Rock Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $2,263,000. Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 26.6% in the 3rd quarter. Private Advisor Group LLC now owns 25,667 shares of the company’s stock valued at $2,326,000 after purchasing an additional 5,396 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $911,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $326,000. Finally, Truist Financial Corp grew its stake in shares of Invesco S&P 500 Momentum ETF by 17.0% during the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock worth $526,000 after purchasing an additional 872 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $98.65 on Monday. The firm’s fifty day moving average price is $96.41 and its 200 day moving average price is $91.74. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $66.52 and a 12 month high of $98.79.

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.