Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,242,778 shares of the company’s stock after acquiring an additional 113,439 shares during the period. LPL Financial LLC owned 0.08% of Invesco S&P 500 Momentum ETF worth $112,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPMO. Richardson Financial Services Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 26.8% in the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after acquiring an additional 200 shares in the last quarter. Financial Partners Group Inc lifted its position in shares of Invesco S&P 500 Momentum ETF by 4.4% during the 2nd quarter. Financial Partners Group Inc now owns 6,573 shares of the company’s stock worth $575,000 after purchasing an additional 279 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $38,000. Finally, Convergence Financial LLC increased its holdings in Invesco S&P 500 Momentum ETF by 1.1% in the third quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock valued at $3,701,000 after buying an additional 451 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $95.56 on Friday. The business has a 50-day moving average of $92.67 and a two-hundred day moving average of $87.99. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $60.97 and a 1 year high of $97.36.

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.