Park Avenue Securities LLC Raises Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Park Avenue Securities LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 201.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,252 shares of the company’s stock after buying an additional 50,917 shares during the period. Park Avenue Securities LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $7,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 10.0% during the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after purchasing an additional 113,439 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 Momentum ETF by 61.6% during the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after acquiring an additional 143,810 shares in the last quarter. Principal Securities Inc. lifted its position in Invesco S&P 500 Momentum ETF by 10.3% during the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after acquiring an additional 30,133 shares during the last quarter. World Investment Advisors LLC boosted its stake in Invesco S&P 500 Momentum ETF by 1,416.7% in the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares in the last quarter. Finally, Family Investment Center Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 1.5% in the third quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock worth $26,582,000 after purchasing an additional 4,245 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.9 %

Shares of SPMO opened at $97.27 on Thursday. The firm has a market cap of $1.57 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $66.01 and a 12 month high of $98.76. The stock has a fifty day moving average price of $96.35 and a 200-day moving average price of $91.59.

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.