Money Concepts Capital Corp increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,015,733 shares of the company’s stock after purchasing an additional 17,868 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 6.8% of Money Concepts Capital Corp’s portfolio, making the stock its biggest position. Money Concepts Capital Corp owned about 0.89% of Invesco S&P 500 Momentum ETF worth $121,197,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $27,000. Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $33,000. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth about $33,000. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth about $44,000. Finally, MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $50,000.
Invesco S&P 500 Momentum ETF Trading Up 1.6%
Shares of NYSEARCA:SPMO opened at $146.07 on Tuesday. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The business has a 50-day moving average price of $122.60 and a 200 day moving average price of $120.59. Invesco S&P 500 Momentum ETF has a 12-month low of $100.73 and a 12-month high of $146.79.
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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