Lake Street Advisors Group LLC Takes $405,000 Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Lake Street Advisors Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the first quarter, Holdings Channel reports. The firm acquired 5,050 shares of the company’s stock, valued at approximately $405,000.

Several other large investors have also recently added to or reduced their stakes in SPMO. Commonwealth Equity Services LLC increased its holdings in Invesco S&P 500 Momentum ETF by 186.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,720 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,174 shares during the period. New Century Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth approximately $498,000. Atomi Financial Group Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $482,000. Oppenheimer & Co. Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 19.0% in the first quarter. Oppenheimer & Co. Inc. now owns 7,981 shares of the company’s stock valued at $640,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter worth approximately $1,708,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO traded down $3.11 during trading hours on Wednesday, reaching $84.79. The stock had a trading volume of 1,033,616 shares, compared to its average volume of 357,798. Invesco S&P 500 Momentum ETF has a 1 year low of $55.32 and a 1 year high of $91.64. The firm’s 50 day moving average is $86.03 and its 200-day moving average is $79.33. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.