Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 36.4% in the second quarter, HoldingsChannel reports. The firm owned 5,461,136 shares of the company’s stock after acquiring an additional 1,456,957 shares during the period. Envestnet Asset Management Inc. owned approximately 0.34% of Invesco S&P 500 Momentum ETF worth $477,631,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in Invesco S&P 500 Momentum ETF by 33.7% during the second quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock worth $98,772,000 after buying an additional 284,359 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter worth about $46,012,000. Osaic Holdings Inc. increased its position in Invesco S&P 500 Momentum ETF by 141.5% during the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock worth $38,137,000 after purchasing an additional 278,798 shares in the last quarter. Advance Capital Management Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $37,208,000. Finally, Family Investment Center Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 4.1% during the second quarter. Family Investment Center Inc. now owns 289,029 shares of the company’s stock valued at $25,278,000 after buying an additional 11,333 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $89.03 on Friday. The company has a 50 day moving average price of $86.82 and a two-hundred day moving average price of $83.16. The stock has a market capitalization of $1.43 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a one year low of $55.32 and a one year high of $91.64.

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.