Truist Financial Corp Buys 872 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Truist Financial Corp raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 17.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,010 shares of the company’s stock after buying an additional 872 shares during the period. Truist Financial Corp’s holdings in Invesco S&P 500 Momentum ETF were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in Invesco S&P 500 Momentum ETF by 186.0% in the first quarter. Commonwealth Equity Services LLC now owns 18,720 shares of the company’s stock valued at $1,502,000 after buying an additional 12,174 shares during the period. Atomi Financial Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $482,000. New Century Financial Group LLC bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $498,000. Oppenheimer & Co. Inc. raised its stake 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 buying an additional 1,277 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $1,708,000.

Invesco S&P 500 Momentum ETF Stock Up 0.5 %

NYSEARCA:SPMO opened at $93.71 on Thursday. The stock’s 50 day moving average price is $89.13 and its two-hundred day moving average price is $85.12. The firm has a market capitalization of $1.51 billion, a price-to-earnings 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 $94.38.

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.