Tactive Advisors LLC Acquires 15,304 Shares of Invesco S&P 500 Momentum ETF $SPMO

Tactive Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 36.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,145 shares of the company’s stock after buying an additional 15,304 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 2.1% of Tactive Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Tactive Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $8,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SPMO. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after acquiring an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV increased its position in shares of Invesco S&P 500 Momentum ETF by 22.9% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the last quarter. Redwood Investment Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 1.2% in the 4th quarter. MML Investors Services LLC now owns 567,000 shares of the company’s stock valued at $67,654,000 after purchasing an additional 6,640 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after purchasing an additional 35,630 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO traded down $3.00 during mid-day trading on Thursday, reaching $150.00. The stock had a trading volume of 924,156 shares, compared to its average volume of 1,941,934. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The stock’s 50 day simple moving average is $149.33 and its two-hundred day simple moving average is $143.51.

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.