New Century Financial Group LLC Takes $1.11 Million Position in Invesco S&P 500 Momentum ETF $SPMO

New Century Financial Group LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,830 shares of the company’s stock, valued at approximately $1,106,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SPMO. Envestnet Asset Management Inc. lifted its position in Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after acquiring an additional 1,770,226 shares during the last quarter. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 64.3% during the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after purchasing an additional 1,400,512 shares during the period. Clark Capital Management Group Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 35.4% during the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock worth $155,747,000 after purchasing an additional 440,005 shares during the last quarter. CWM LLC boosted its stake in Invesco S&P 500 Momentum ETF by 201.9% in the 1st quarter. CWM LLC now owns 1,313,198 shares of the company’s stock valued at $121,510,000 after purchasing an additional 878,259 shares during the period. Finally, Mainstay Capital Management LLC ADV boosted its stake in Invesco S&P 500 Momentum ETF by 1.9% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock valued at $114,771,000 after purchasing an additional 23,474 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $120.78 on Friday. The stock’s fifty day moving average price is $117.93 and its two-hundred day moving average price is $107.12. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $122.30. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.

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.