National Bank of Canada FI Grows Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

National Bank of Canada FI raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 371.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,013 shares of the company’s stock after buying an additional 13,408 shares during the quarter. National Bank of Canada FI owned approximately 0.11% of Invesco S&P 500 Momentum ETF worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPMO. ORG Partners LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth $38,000. Concourse Financial Group Securities Inc. lifted its position in Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after buying an additional 290 shares in the last quarter. Richardson Financial Services Inc. grew its stake in Invesco S&P 500 Momentum ETF by 26.8% during the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after buying an additional 200 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $158,000. Finally, TKG Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $204,000.

Invesco S&P 500 Momentum ETF Trading Up 1.1 %

NYSEARCA:SPMO opened at $97.77 on Friday. The firm’s fifty day simple moving average is $94.82 and its 200 day simple moving average is $89.81. Invesco S&P 500 Momentum ETF has a twelve month low of $63.74 and a twelve month high of $98.76. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.