Park Avenue Securities LLC Makes New $20.38 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Park Avenue Securities LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,422 shares of the company’s stock, valued at approximately $20,376,000. Park Avenue Securities LLC owned 0.09% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPMO. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth about $353,565,000. Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV raised its holdings in Invesco S&P 500 Momentum ETF by 22.9% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the last quarter. Alpine Bank Wealth Management raised its holdings in Invesco S&P 500 Momentum ETF by 1.4% during the 3rd quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock worth $75,492,000 after purchasing an additional 7,043 shares during the last quarter. Finally, Redwood Investment Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 5.3% during the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 1.4%

Invesco S&P 500 Momentum ETF stock opened at $140.55 on Tuesday. The company has a market cap of $21.76 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The company’s 50-day moving average is $148.34 and its two-hundred day moving average is $137.30.

Invesco S&P 500 Momentum ETF Profile

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.