Financial Enhancement Group LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,814 shares of the company’s stock after acquiring an additional 9,775 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 1.9% of Financial Enhancement Group LLC’s holdings, making the stock its 15th biggest holding. Financial Enhancement Group LLC owned 0.12% of Invesco S&P 500 Momentum ETF worth $15,562,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Wealth Management Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth $18,900,000. Jane Street Group LLC increased its position in Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after buying an additional 31,344 shares in the last quarter. Invesco Ltd. increased its position in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after buying an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 11.7% in the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after buying an additional 5,209 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA SPMO opened at $153.79 on Thursday. The company has a market cap of $18.75 billion, a PE ratio of 29.51 and a beta of 1.11. The business has a 50-day simple moving average of $143.76 and a two-hundred day simple moving average of $127.50. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30.
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.
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