RVW Wealth LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,587 shares of the company’s stock after purchasing an additional 13,340 shares during the period. Invesco S&P 500 Momentum ETF comprises 2.7% of RVW Wealth LLC’s investment portfolio, making the stock its 11th biggest position. RVW Wealth LLC owned approximately 0.18% of Invesco S&P 500 Momentum ETF worth $41,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth approximately $26,000. Rosenberg Matthew Hamilton acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $33,000. Blue Trust Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the last quarter. Montgomery Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $46,000. Finally, Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $48,000.
Invesco S&P 500 Momentum ETF Trading Down 0.1%
Shares of SPMO stock traded down $0.17 on Tuesday, reaching $152.99. 1,671,046 shares of the stock were exchanged, compared to its average volume of 1,947,548. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The business’s 50 day moving average price is $148.76 and its 200 day moving average price is $142.99.
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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