70,122 Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Cadent Capital Advisors LLC

by · The Markets Daily

Cadent Capital Advisors LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 1,496.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,809 shares of the company’s stock after buying an additional 70,122 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 2.5% of Cadent Capital Advisors LLC’s holdings, making the stock its 10th largest position. Cadent Capital Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $11,340,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after acquiring an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV increased its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% in the first 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 in the last quarter. Redwood Investment Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 5.3% in the first 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. MML Investors Services LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.2% during the 4th quarter. MML Investors Services LLC now owns 567,000 shares of the company’s stock valued at $67,654,000 after buying an additional 6,640 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 6.8% during the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after buying an additional 35,630 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.3%

SPMO traded up $0.42 on Friday, hitting $151.26. The company’s stock had a trading volume of 819,418 shares, compared to its average volume of 1,941,756. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The firm has a market cap of $23.11 billion, a P/E ratio of 29.51 and a beta of 1.10. The company’s 50 day simple moving average is $149.48 and its 200-day simple moving average is $143.77.

Invesco S&P 500 Momentum ETF Profile

(Free Report)

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.

Recommended Stories