Great Valley Advisor Group Inc. Raises Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Great Valley Advisor Group Inc. boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 596.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,848 shares of the company’s stock after purchasing an additional 31,556 shares during the quarter. Great Valley Advisor Group Inc. owned about 0.23% of Invesco S&P 500 Momentum ETF worth $3,340,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 26.8% in the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after buying an additional 200 shares during the period. Financial Partners Group Inc grew its position in Invesco S&P 500 Momentum ETF by 4.4% in the second quarter. Financial Partners Group Inc now owns 6,573 shares of the company’s stock valued at $575,000 after acquiring an additional 279 shares in the last quarter. Concourse Financial Group Securities Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares during the period. ORG Partners LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $38,000. Finally, Convergence Financial LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 1.1% in the third quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock valued at $3,701,000 after purchasing an additional 451 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $95.58 on Monday. Invesco S&P 500 Momentum ETF has a 12-month low of $60.97 and a 12-month high of $97.36. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The firm’s fifty day moving average price is $92.80 and its 200 day moving average price is $88.17.

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.