LPL Financial LLC Raises Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

LPL Financial LLC increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 75.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,178,729 shares of the company’s stock after purchasing an additional 935,951 shares during the period. LPL Financial LLC owned 0.14% of Invesco S&P 500 Momentum ETF worth $207,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PSI Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth $48,000. Continuum Advisory LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after acquiring an additional 216 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $76,000.

Invesco S&P 500 Momentum ETF Trading Down 0.2 %

Invesco S&P 500 Momentum ETF stock opened at $94.22 on Monday. The business’s fifty day simple moving average is $98.53 and its two-hundred day simple moving average is $95.46. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93.

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.