Brand Asset Management Group Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 34.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,107 shares of the company’s stock after buying an additional 795 shares during the quarter. Brand Asset Management Group Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $295,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in SPMO. Castle Rock Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $2,263,000. Private Advisor Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 26.6% in the 3rd quarter. Private Advisor Group LLC now owns 25,667 shares of the company’s stock valued at $2,326,000 after acquiring an additional 5,396 shares during the period. StoneX Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $911,000. Jane Street Group LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $326,000. Finally, Truist Financial Corp increased its stake in Invesco S&P 500 Momentum ETF by 17.0% in the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after purchasing an additional 872 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 1.1 %
Shares of NYSEARCA SPMO opened at $98.65 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $66.52 and a twelve month high of $98.79. The company’s fifty day moving average is $96.41 and its 200-day moving average is $91.70. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.
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.
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