Mainstay Capital Management LLC ADV Has $115.62 Million Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Mainstay Capital Management LLC ADV boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 374.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,216,892 shares of the company’s stock after acquiring an additional 960,418 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 17.6% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 2nd biggest holding. Mainstay Capital Management LLC ADV owned 0.08% of Invesco S&P 500 Momentum ETF worth $115,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPMO. Colonial River Investments LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 59.1% in the 4th quarter. Colonial River Investments LLC now owns 28,951 shares of the company’s stock worth $2,751,000 after acquiring an additional 10,754 shares in the last quarter. World Equity Group Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $1,287,000. Wealthgarden F.S. LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $782,000. Theory Financial LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $1,059,000. Finally, LWM Advisory Services LLC grew its position in Invesco S&P 500 Momentum ETF by 19.3% during the 4th quarter. LWM Advisory Services LLC now owns 35,044 shares of the company’s stock valued at $3,329,000 after purchasing an additional 5,680 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $99.91 on Monday. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44. The company’s 50-day moving average is $98.87 and its 200 day moving average is $94.35. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94.

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.