Diversify Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 401.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,804 shares of the company’s stock after buying an additional 9,448 shares during the period. Diversify Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,323,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of SPMO. Valmark Advisers Inc. bought a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $355,000. Fifth Third Bancorp acquired a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter worth $432,000. Compass Financial Services Inc raised its position in shares of Invesco S&P 500 Momentum ETF by 4.1% during the 1st quarter. Compass Financial Services Inc now owns 88,356 shares of the company’s stock valued at $9,906,000 after acquiring an additional 3,508 shares during the last quarter. TSA Wealth Managment LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 8.7% during the 1st quarter. TSA Wealth Managment LLC now owns 49,789 shares of the company’s stock valued at $5,582,000 after acquiring an additional 3,966 shares during the last quarter. Finally, Triton Wealth Management PLLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 13.5% in the 1st quarter. Triton Wealth Management PLLC now owns 274,253 shares of the company’s stock valued at $31,565,000 after purchasing an additional 32,636 shares during the period.
Invesco S&P 500 Momentum ETF Stock Down 1.9%
NYSEARCA:SPMO opened at $150.00 on Thursday. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The firm has a market capitalization of $21.48 billion, a P/E ratio of 29.51 and a beta of 1.09. The stock’s fifty day simple moving average is $150.66 and its 200-day simple moving average is $131.04.
Invesco S&P 500 Momentum ETF Company 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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