Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sets New 1-Year High – What’s Next?

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)’s stock price hit a new 52-week high on Monday . The stock traded as high as $162.00 and last traded at $162.00, with a volume of 29274 shares. The stock had previously closed at $159.90.

Invesco S&P 500 Momentum ETF Trading Down 4.5%

The company has a market capitalization of $18.82 billion, a PE ratio of 29.51 and a beta of 1.11. The company’s 50 day moving average price is $143.18 and its 200-day moving average price is $127.26.

Institutional Investors Weigh In On Invesco S&P 500 Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in SPMO. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after purchasing an additional 182,485 shares in the last quarter. CWM LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares during the period. Morgan Stanley increased its position in Invesco S&P 500 Momentum ETF by 8.1% during the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after purchasing an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Invesco S&P 500 Momentum ETF by 28.7% during the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after purchasing an additional 385,146 shares in the last quarter.

About Invesco S&P 500 Momentum ETF

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.