Brookwood Investment Group LLC Buys New Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Brookwood Investment Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 1st quarter, Holdings Channel.com reports. The fund purchased 232,406 shares of the company’s stock, valued at approximately $21,505,000. Invesco S&P 500 Momentum ETF makes up 3.7% of Brookwood Investment Group LLC’s investment portfolio, making the stock its 5th largest holding.

Other large investors have also made changes to their positions in the company. Investor s Fiduciary Advisor Network LLC raised its holdings in Invesco S&P 500 Momentum ETF by 2.3% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,983 shares of the company’s stock worth $461,000 after buying an additional 111 shares during the period. Nwam LLC boosted its position in Invesco S&P 500 Momentum ETF by 3.6% during the first quarter. Nwam LLC now owns 3,951 shares of the company’s stock worth $366,000 after purchasing an additional 137 shares during the period. Horizon Investment Services LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 1.1% during the first quarter. Horizon Investment Services LLC now owns 13,483 shares of the company’s stock worth $1,248,000 after buying an additional 143 shares in the last quarter. Continuum Advisory LLC raised its stake in Invesco S&P 500 Momentum ETF by 41.2% in the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. raised its stake in Invesco S&P 500 Momentum ETF by 0.5% during the first quarter. Wetzel Investment Advisors Inc. now owns 39,048 shares of the company’s stock worth $3,613,000 after acquiring an additional 203 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO traded up $0.06 during midday trading on Thursday, hitting $114.42. 457,026 shares of the stock were exchanged, compared to its average volume of 1,374,298. The business’s 50-day moving average price is $108.68 and its 200 day moving average price is $100.37. Invesco S&P 500 Momentum ETF has a 12 month low of $76.75 and a 12 month high of $114.62. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.

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.