Titleist Asset Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 74,664 shares of the company’s stock, valued at approximately $4,071,000. Invesco S&P 500 Momentum ETF accounts for approximately 0.9% of Titleist Asset Management LLC’s holdings, making the stock its 25th biggest position. Titleist Asset Management LLC owned about 1.88% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SPMO. Private Advisor Group LLC bought a new position in Invesco S&P 500 Momentum ETF during the first quarter worth about $368,000. LPL Financial LLC boosted its stake in Invesco S&P 500 Momentum ETF by 16.4% during the 1st quarter. LPL Financial LLC now owns 456,590 shares of the company’s stock worth $24,898,000 after acquiring an additional 64,230 shares during the last quarter. WealthCare Investment Partners LLC boosted its stake in Invesco S&P 500 Momentum ETF by 612.4% during the 1st quarter. WealthCare Investment Partners LLC now owns 29,551 shares of the company’s stock worth $1,611,000 after acquiring an additional 25,403 shares during the last quarter. Insight Advisors LLC PA grew its holdings in Invesco S&P 500 Momentum ETF by 2.6% during the first quarter. Insight Advisors LLC PA now owns 7,869 shares of the company’s stock valued at $429,000 after purchasing an additional 200 shares during the period. Finally, Intelligence Driven Advisers LLC increased its stake in Invesco S&P 500 Momentum ETF by 17.3% in the first quarter. Intelligence Driven Advisers LLC now owns 114,626 shares of the company’s stock valued at $6,398,000 after purchasing an additional 16,938 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO traded up $0.45 during mid-day trading on Friday, hitting $59.17. The stock had a trading volume of 86,812 shares, compared to its average volume of 40,297. Invesco S&P 500 Momentum ETF has a 1-year low of $49.92 and a 1-year high of $59.42. The firm has a market capitalization of $203.54 million, a price-to-earnings ratio of 19.31 and a beta of 0.89. The stock’s fifty day simple moving average is $57.18 and its 200-day simple moving average is $55.57.
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.
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