Trademark Financial Management LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,409 shares of the company’s stock after acquiring an additional 4,364 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 3.5% of Trademark Financial Management LLC’s holdings, making the stock its 9th biggest position. Trademark Financial Management LLC owned approximately 0.05% of Invesco S&P 500 Momentum ETF worth $7,109,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $33,000. Blue Trust Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares during the period. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $48,000. Finally, MAI Capital Management purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $50,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of SPMO opened at $150.83 on Friday. The stock has a market capitalization of $21.10 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The company’s fifty day moving average is $147.31 and its two-hundred day moving average is $129.01.
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.
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