Fmr LLC Has $271,000 Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Fmr LLC grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 64.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,995 shares of the company’s stock after purchasing an additional 1,176 shares during the period. Fmr LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SPMO. Richardson Financial Services Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 26.8% during the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after purchasing an additional 200 shares during the period. Concourse Financial Group Securities Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 103.9% in the 2nd 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 in the last quarter. Convergence Financial LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 1.1% during the 3rd quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock valued at $3,701,000 after acquiring an additional 451 shares during the period. Professional Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 1.0% during the 3rd quarter. Professional Financial Advisors LLC now owns 46,908 shares of the company’s stock worth $4,252,000 after purchasing an additional 462 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 10.9% in the second quarter. Lake Street Advisors Group LLC now owns 5,600 shares of the company’s stock worth $490,000 after purchasing an additional 550 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 1.1 %

SPMO opened at $95.58 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a twelve month low of $64.26 and a twelve month high of $98.76. The company has a 50-day simple moving average of $95.18 and a 200 day simple moving average of $90.30.

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.