Good Life Advisors LLC Increases Stake in Invesco S&P 500 Momentum ETF $SPMO

Good Life Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 126.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,064 shares of the company’s stock after acquiring an additional 10,645 shares during the quarter. Good Life Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPMO. Triad Wealth Partners LLC boosted 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 acquiring an additional 8,503 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $400,000. Washington Growth Strategies LLC raised its holdings in Invesco S&P 500 Momentum ETF by 23,435.5% in the 2nd quarter. Washington Growth Strategies LLC now owns 21,888 shares of the company’s stock worth $2,462,000 after purchasing an additional 21,795 shares during the period. Sharkey Howes & Javer purchased a new position in Invesco S&P 500 Momentum ETF during the second quarter worth approximately $497,000. Finally, RHS Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF during the second quarter worth approximately $357,000.

Invesco S&P 500 Momentum ETF Trading Down 2.2%

Shares of SPMO opened at $117.68 on Friday. The firm has a market cap of $12.86 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The stock’s 50 day moving average is $120.58 and its two-hundred day moving average is $113.48.

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.