National Wealth Management Group LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,138 shares of the company’s stock, valued at approximately $1,991,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $7,060,000. Schuylkill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $1,513,000. Lunt Capital Management Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $3,224,000. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after buying an additional 128,087 shares in the last quarter. Finally, Concorde Asset Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 12.2% in the 2nd quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock valued at $9,651,000 after buying an additional 6,473 shares in the last quarter.
Invesco S&P 500 Momentum ETF Trading Up 1.4%
Shares of Invesco S&P 500 Momentum ETF stock opened at $140.55 on Tuesday. The company has a market capitalization of $21.76 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The stock’s fifty day simple moving average is $148.34 and its 200 day simple moving average is $137.30.
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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