Tidemark LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 37,044 shares of the company’s stock, valued at approximately $3,519,000. Invesco S&P 500 Momentum ETF makes up about 1.3% of Tidemark LLC’s portfolio, making the stock its 17th biggest holding.
A number of other hedge funds have also bought and sold shares of the business. Sigma Planning Corp grew its stake in shares of Invesco S&P 500 Momentum ETF by 50.4% in the third quarter. Sigma Planning Corp now owns 4,702 shares of the company’s stock worth $426,000 after acquiring an additional 1,576 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $1,312,000. Darwin Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $158,000. LPL Financial LLC raised its stake in Invesco S&P 500 Momentum ETF by 10.0% during the 3rd quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after buying an additional 113,439 shares during the last quarter. Finally, Concorde Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 1,788.6% during the 3rd quarter. Concorde Asset Management LLC now owns 69,105 shares of the company’s stock valued at $6,264,000 after buying an additional 65,446 shares during the period.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO opened at $93.86 on Friday. The firm has a market capitalization of $5.23 billion, a P/E ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44. The business has a fifty day moving average of $98.77 and a 200 day moving average of $95.19.
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.
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