Winnacle Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,040 shares of the company’s stock, valued at approximately $1,219,000.
Other hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth approximately $26,000. Rosenberg Matthew Hamilton bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Toth Financial Advisory Corp acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $34,000. Blue Trust Inc. increased its position in Invesco S&P 500 Momentum ETF by 35.8% during 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 period. Finally, Montgomery Financial Services LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at approximately $46,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $145.18 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The firm has a 50 day moving average price of $149.54 and a two-hundred day moving average price of $144.74. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.
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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