Mainstay Capital Management LLC ADV Buys Shares of 256,474 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Mainstay Capital Management LLC ADV purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, Holdings Channel.com reports. The fund purchased 256,474 shares of the company’s stock, valued at approximately $23,247,000. Invesco S&P 500 Momentum ETF makes up approximately 3.9% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 36.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock worth $477,631,000 after acquiring an additional 1,456,957 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $46,012,000. LPL Financial LLC boosted its position in Invesco S&P 500 Momentum ETF by 33.7% in the second quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock valued at $98,772,000 after buying an additional 284,359 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 141.5% during the first quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock worth $38,137,000 after buying an additional 278,798 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 505.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 282,635 shares of the company’s stock valued at $24,719,000 after acquiring an additional 235,939 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.1 %

Shares of SPMO opened at $92.93 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12-month low of $55.32 and a 12-month high of $94.69. The business has a 50-day simple moving average of $90.14 and a two-hundred day simple moving average of $85.66.

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.