Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,242,778 shares of the company’s stock after purchasing an additional 113,439 shares during the period. LPL Financial LLC owned 7.71% of Invesco S&P 500 Momentum ETF worth $112,645,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 36.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock valued at $477,631,000 after buying an additional 1,456,957 shares during the period. Mainstay Capital Management LLC ADV acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $23,247,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 505.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 282,635 shares of the company’s stock worth $24,719,000 after purchasing an additional 235,939 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $18,739,000. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $19,031,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $95.56 on Friday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 20.66 and a beta of 1.00. The firm’s 50-day moving average is $92.67 and its two-hundred day moving average is $87.99. Invesco S&P 500 Momentum ETF has a 12 month low of $60.97 and a 12 month 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.