Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $157.75 and last traded at $157.18, with a volume of 396754 shares traded. The stock had previously closed at $152.48.

Invesco S&P 500 Momentum ETF Stock Performance

The company has a market capitalization of $18.85 billion, a PE ratio of 29.51 and a beta of 1.11. The company’s 50-day simple moving average is $139.35 and its 200-day simple moving average is $125.90.

Institutional Trading of Invesco S&P 500 Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPMO. BNP Paribas Financial Markets boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after acquiring an additional 1,339,497 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% in the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after acquiring an additional 562,290 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 75.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after acquiring an additional 531,093 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after acquiring an additional 513,037 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 254.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after acquiring an additional 391,694 shares in the last quarter.

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.