Harbour Investments Inc. Grows Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Harbour Investments Inc. lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 21.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,128 shares of the company’s stock after buying an additional 6,570 shares during the period. Harbour Investments Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in Invesco S&P 500 Momentum ETF during the second quarter valued at $38,000. Concourse Financial Group Securities Inc. lifted its position in 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 in the last quarter. Richardson Financial Services Inc. lifted its position in Invesco S&P 500 Momentum ETF by 26.8% during the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after purchasing an additional 200 shares in the last quarter. TKG Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at $204,000. Finally, Simplicity Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at $213,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $96.55 on Wednesday. The company has a market capitalization of $1.56 billion, a PE ratio of 20.66 and a beta of 1.00. The business’s fifty day moving average is $91.23 and its 200 day moving average is $87.10. Invesco S&P 500 Momentum ETF has a fifty-two week low of $60.22 and a fifty-two week high of $97.36.

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.