Thurston Springer Miller Herd & Titak Inc. Grows Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 73.4% during the third quarter, HoldingsChannel reports. The firm owned 9,533 shares of the company’s stock after buying an additional 4,036 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $864,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter worth approximately $34,000. ORG Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $38,000. Concourse Financial Group Securities Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% during 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 during the period. Richardson Financial Services Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth about $60,000. Finally, Simplicity Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $213,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $94.99 on Monday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1-year low of $55.32 and a 1-year high of $94.99. The company has a 50-day moving average of $88.32 and a 200 day moving average of $84.87.

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.