Park Edge Advisors LLC Buys Shares of 23,164 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Park Edge Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,164 shares of the company’s stock, valued at approximately $2,100,000. Park Edge Advisors LLC owned about 0.14% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Momentum ETF by 36.4% during 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 acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $46,012,000. LPL Financial LLC lifted its stake in Invesco S&P 500 Momentum ETF by 33.7% in the 2nd 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. grew its holdings in Invesco S&P 500 Momentum ETF by 141.5% during the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock valued at $38,137,000 after buying an additional 278,798 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $23,247,000.

Invesco S&P 500 Momentum ETF Trading Down 0.3 %

Shares of NYSEARCA SPMO traded down $0.24 during trading on Friday, reaching $92.69. The company had a trading volume of 393,142 shares, compared to its average volume of 536,224. Invesco S&P 500 Momentum ETF has a twelve month low of $55.32 and a twelve month high of $94.69. The stock has a 50-day moving average price of $90.23 and a two-hundred day moving average price of $85.79. The stock has a market capitalization of $1.49 billion, a PE ratio of 20.66 and a beta of 1.00.

Invesco S&P 500 Momentum ETF Profile

(Free Report)

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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