Sigma Planning Corp Increases Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Sigma Planning Corp increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 50.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,702 shares of the company’s stock after purchasing an additional 1,576 shares during the quarter. Sigma Planning Corp’s holdings in Invesco S&P 500 Momentum ETF were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 36.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock worth $477,631,000 after acquiring an additional 1,456,957 shares during the period. LPL Financial LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 33.7% in the 2nd quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock valued at $98,772,000 after purchasing an additional 284,359 shares in the last quarter. Osaic Holdings Inc. increased its position in Invesco S&P 500 Momentum ETF by 141.5% during the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock worth $38,137,000 after purchasing an additional 278,798 shares during the period. Mainstay Capital Management LLC ADV purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $23,247,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 505.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 282,635 shares of the company’s stock valued at $24,719,000 after buying an additional 235,939 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $93.90 on Friday. The business’s fifty day moving average price is $91.83 and its 200 day moving average price is $87.36. The firm has a market capitalization of $1.51 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1-year low of $60.97 and a 1-year high of $97.36.

Invesco S&P 500 Momentum ETF Company 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.