Integrity Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 8.7% in the 1st quarter, Holdings Channel reports. The firm owned 85,321 shares of the company’s stock after purchasing an additional 6,816 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 5.2% of Integrity Investment Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Integrity Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,565,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SPMO. WealthPLAN Partners LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 6.7% in the 1st quarter. WealthPLAN Partners LLC now owns 13,932 shares of the company’s stock worth $1,562,000 after buying an additional 874 shares during the last quarter. ArborFi Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 4.0% during the 1st quarter. ArborFi Advisors LLC now owns 29,354 shares of the company’s stock valued at $3,291,000 after buying an additional 1,121 shares during the last quarter. Horst & Graben Wealth Management LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 7.2% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 108,755 shares of the company’s stock valued at $12,193,000 after buying an additional 7,317 shares during the last quarter. Centerpoint Advisory Group grew its position in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 1st quarter. Centerpoint Advisory Group now owns 74,300 shares of the company’s stock valued at $8,330,000 after buying an additional 9,166 shares during the last quarter. Finally, Advance Capital Management Inc. raised its stake in Invesco S&P 500 Momentum ETF by 0.7% during the first quarter. Advance Capital Management Inc. now owns 232,079 shares of the company’s stock worth $26,018,000 after acquiring an additional 1,705 shares during the period.
Invesco S&P 500 Momentum ETF Stock Up 0.8%
Shares of NYSEARCA SPMO opened at $150.57 on Thursday. The firm’s 50-day moving average price is $148.95 and its two-hundred day moving average price is $129.94. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The stock has a market capitalization of $21.34 billion, a P/E ratio of 29.51 and a beta of 1.09.
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.
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