Global Trust Asset Management LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Global Trust Asset Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 775 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds have also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after buying an additional 1,770,226 shares during the period. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 64.3% during the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after buying an additional 1,400,512 shares during the period. CWM LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 201.9% during the first quarter. CWM LLC now owns 1,313,198 shares of the company’s stock valued at $121,510,000 after buying an additional 878,259 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $56,345,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $40,743,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $120.71 on Tuesday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $122.30. The stock has a market capitalization of $11.47 billion, a PE ratio of 29.51 and a beta of 0.89. The stock’s 50 day moving average price is $117.51 and its 200-day moving average price is $106.74.

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.