Lifeworks Advisors LLC Acquires 3,059 Shares of Invesco S&P 500 Momentum ETF $SPMO

Lifeworks Advisors LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 110.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,830 shares of the company’s stock after buying an additional 3,059 shares during the quarter. Lifeworks Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $656,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SPMO. Private Trust Co. NA boosted its position in Invesco S&P 500 Momentum ETF by 79.4% in the 1st quarter. Private Trust Co. NA now owns 5,098 shares of the company’s stock valued at $472,000 after buying an additional 2,256 shares during the last quarter. Capstone Wealth Management Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares during the last quarter. D.A. Davidson & CO. boosted its position in Invesco S&P 500 Momentum ETF by 159.3% in the 1st quarter. D.A. Davidson & CO. now owns 24,853 shares of the company’s stock valued at $2,300,000 after buying an additional 15,267 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $506,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Invesco S&P 500 Momentum ETF by 51.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,850 shares of the company’s stock valued at $925,000 after buying an additional 3,350 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $121.70 on Friday. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The business’s fifty day moving average price is $120.04 and its two-hundred day moving average price is $111.76. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56.

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.