Mainstay Capital Management LLC ADV Invests $23.25 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Mainstay Capital Management LLC ADV purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 256,474 shares of the company’s stock, valued at approximately $23,247,000. Invesco S&P 500 Momentum ETF comprises 3.9% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 7th biggest holding. Mainstay Capital Management LLC ADV owned 1.59% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 36.4% during the second quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock valued at $477,631,000 after purchasing an additional 1,456,957 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at $46,012,000. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 33.7% during the 2nd quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock valued at $98,772,000 after purchasing an additional 284,359 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of 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 valued at $38,137,000 after purchasing an additional 278,798 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 505.3% in the second 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 in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $92.93 on Friday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The company’s fifty day moving average price is $90.14 and its two-hundred day moving average price is $85.66. Invesco S&P 500 Momentum ETF has a one year low of $55.32 and a one year high of $94.69.

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.