Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Absolute Capital Management LLC

Absolute Capital Management LLC boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 23.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,841 shares of the company’s stock after acquiring an additional 742 shares during the quarter. Absolute Capital Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $432,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC increased its holdings in Invesco S&P 500 Momentum ETF by 22.3% in the second quarter. Triad Wealth Partners LLC now owns 46,710 shares of the company’s stock valued at $5,254,000 after buying an additional 8,503 shares during the last quarter. Sharkey Howes & Javer purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $497,000. Washington Growth Strategies LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 23,435.5% during the 2nd quarter. Washington Growth Strategies LLC now owns 21,888 shares of the company’s stock worth $2,462,000 after acquiring an additional 21,795 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 171.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 162,649 shares of the company’s stock valued at $18,293,000 after acquiring an additional 102,673 shares during the last quarter. Finally, Darrow Company Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 8.7% in the 2nd quarter. Darrow Company Inc. now owns 45,666 shares of the company’s stock valued at $5,136,000 after acquiring an additional 3,655 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.8%

SPMO stock opened at $116.71 on Thursday. The business has a 50 day moving average price of $120.46 and a 200 day moving average price of $114.20. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

Invesco S&P 500 Momentum ETF 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.