TSG Advice Partners LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 53,588 shares of the company’s stock, valued at approximately $8,657,000. Invesco S&P 500 Momentum ETF comprises 1.2% of TSG Advice Partners LLC’s holdings, making the stock its 19th largest holding.
Several other hedge funds also recently made changes to their positions in SPMO. Welch Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $276,000. Virtue Capital Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $277,000. Optima Capital LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 43.1% in the third quarter. Optima Capital LLC now owns 5,705 shares of the company’s stock worth $865,000 after purchasing an additional 1,717 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter worth $119,358,000. Finally, BNB Wealth Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 3.1% in the third quarter. BNB Wealth Management LLC now owns 60,990 shares of the company’s stock worth $9,245,000 after purchasing an additional 1,860 shares during the period.
Invesco S&P 500 Momentum ETF Price Performance
SPMO stock opened at $132.45 on Tuesday. The firm has a market cap of $20.69 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 firm has a fifty day moving average price of $147.03 and a two-hundred day moving average price of $137.90.
Invesco S&P 500 Momentum ETF 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.
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