Stratos Wealth Partners LTD. Grows Stock Position in Invesco S&P 500 Momentum ETF $SPMO
by Amy Steele · The Cerbat GemStratos Wealth Partners LTD. increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 199,635 shares of the company’s stock after acquiring an additional 34,584 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.17% of Invesco S&P 500 Momentum ETF worth $23,821,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at $317,167,000. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 126.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after purchasing an additional 612,432 shares during the last quarter. Bank of America Corp DE raised its holdings in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after buying an additional 562,290 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco S&P 500 Momentum ETF during the third quarter worth about $65,042,000. Finally, Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 62.0% during the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after acquiring an additional 513,037 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $114.74 on Friday. The firm has a market capitalization of $13.11 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock’s fifty day simple moving average is $117.62 and its 200-day simple moving average is $119.12.
About Invesco S&P 500 Momentum ETF
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.