Balboa Wealth Partners Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Balboa Wealth Partners bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,350 shares of the company’s stock, valued at approximately $2,064,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $28,000. WealthShield Partners LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 342.5% in the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 41.2% in the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares during the last quarter. Finally, Compass Financial Services Inc bought a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth $71,000.

Invesco S&P 500 Momentum ETF Stock Up 0.2%

NYSEARCA:SPMO opened at $120.42 on Monday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $122.63. The firm has a market capitalization of $13.04 billion, a P/E ratio of 29.51 and a beta of 0.89. The stock’s fifty day simple moving average is $119.07 and its 200-day simple moving average is $109.35.

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.