NewEdge Advisors LLC grew its holdings in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Free Report) by 183.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,944 shares of the company’s stock after buying an additional 8,377 shares during the quarter. NewEdge Advisors LLC owned approximately 0.78% of Invesco S&P 500 Value with Momentum ETF worth $892,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth about $37,000. Abound Financial LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at about $38,000. Kestra Advisory Services LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at about $75,000. Ameriprise Financial Inc. bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the second quarter worth about $206,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth about $210,000.
Invesco S&P 500 Value with Momentum ETF Trading Up 0.1%
Shares of SPVM stock opened at $78.38 on Wednesday. Invesco S&P 500 Value with Momentum ETF has a 1 year low of $63.01 and a 1 year high of $78.91. The firm’s 50 day moving average is $76.00 and its 200-day moving average is $72.70. The firm has a market capitalization of $132.46 million, a price-to-earnings ratio of 13.46 and a beta of 0.78.
About Invesco S&P 500 Value with Momentum ETF
The Invesco S&P 500 Value with Momentum ETF (SPVM) is an exchange-traded fund that is based on the S&P 500 High Momentum Value index. The fund tracks an index of S&P 500 stocks selected by value and momentum and weighted by value. SPVM was launched on Jun 16, 2011 and is managed by Invesco.
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