Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Stock Position Increased by Primoris Wealth Advisors LLC

Primoris Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,702.3% in the first quarter, Holdings Channel reports. The institutional investor owned 55,871 shares of the company’s stock after acquiring an additional 52,771 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 4.0% of Primoris Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Primoris Wealth Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPMO. Fourth Dimension Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $28,000. ORG Wealth Partners LLC bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $40,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $48,000. Sound Income Strategies LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1,859.3% during the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock valued at $49,000 after buying an additional 502 shares during the period. Finally, Continuum Advisory LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 41.2% during the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after buying an additional 154 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 1.2%

SPMO stock opened at $111.25 on Friday. The firm has a 50 day moving average of $102.22 and a 200-day moving average of $98.26. The firm has a market capitalization of $9.22 billion, a P/E ratio of 28.02 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 12 month low of $76.75 and a 12 month high of $112.02.

Invesco S&P 500 Momentum ETF 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.