Trek Financial LLC Acquires Shares of 6,751 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Trek Financial LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,751 shares of the company’s stock, valued at approximately $641,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Invesco S&P 500 Momentum ETF by 64.7% in the 3rd quarter. FMR LLC now owns 2,995 shares of the company’s stock worth $271,000 after purchasing an additional 1,176 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 19.4% during the third quarter. Integrated Wealth Concepts LLC now owns 11,841 shares of the company’s stock worth $1,073,000 after buying an additional 1,927 shares in the last quarter. Jane Street Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth $326,000. National Bank of Canada FI grew its position in Invesco S&P 500 Momentum ETF by 371.9% during the third quarter. National Bank of Canada FI now owns 17,013 shares of the company’s stock valued at $1,542,000 after buying an additional 13,408 shares during the period. Finally, EWA LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at $5,113,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $83.48 on Tuesday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The company has a market cap of $4.87 billion, a P/E ratio of 24.93 and a beta of 0.93. The firm has a 50-day simple moving average of $97.04 and a two-hundred day simple moving average of $95.79.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1794 dividend. This is a boost from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date was Monday, March 24th.

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.