McKinley Carter Wealth Services Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,867 shares of the company’s stock, valued at approximately $210,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $202,000. Triad Wealth Partners LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 22.3% during the 2nd quarter. Triad Wealth Partners LLC now owns 46,710 shares of the company’s stock worth $5,254,000 after purchasing an additional 8,503 shares during the period. WJ Wealth Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 54.8% during the 1st quarter. WJ Wealth Management LLC now owns 88,679 shares of the company’s stock worth $8,205,000 after purchasing an additional 31,407 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $1,190,000. Finally, Stephens Inc. AR acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $400,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of NYSEARCA SPMO opened at $118.50 on Friday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $122.53. The firm’s 50 day simple moving average is $118.59 and its 200-day simple moving average is $108.17.
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.
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