Fifth Third Securities Inc. Makes New Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Fifth Third Securities Inc. purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,106 shares of the company’s stock, valued at approximately $865,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $1,740,000. Creative Planning purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $1,262,000. NewEdge Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 121.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock worth $1,100,000 after buying an additional 6,897 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 Momentum ETF by 33.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock worth $466,000 after buying an additional 1,327 shares during the period. Finally, Truist Financial Corp boosted its holdings in Invesco S&P 500 Momentum ETF by 17.0% in the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after acquiring an additional 872 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $100.04 on Friday. The business has a 50-day moving average of $97.24 and a two-hundred day moving average of $92.33. The firm has a market capitalization of $1.61 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $69.19 and a 12 month high of $101.86.

About Invesco S&P 500 Momentum ETF

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.