Concorde Asset Management LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,659 shares of the company’s stock, valued at approximately $320,000.
A number of other hedge funds have also made changes to their positions in SPMO. Global Trust Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $34,000. ORG Partners LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $38,000. YHB Investment Advisors Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $50,000. Concourse Financial Group Securities Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after acquiring an additional 290 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter worth about $60,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of NYSEARCA SPMO opened at $88.31 on Thursday. The company has a market cap of $1.42 billion, a PE ratio of 20.66 and a beta of 1.00. The company has a 50-day simple moving average of $86.68 and a 200-day simple moving average of $83.44. Invesco S&P 500 Momentum ETF has a 12 month low of $55.32 and a 12 month high of $91.64.
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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