Gateway Wealth Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,010 shares of the company’s stock, valued at approximately $562,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Waverly Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 16.0% during the 1st quarter. Waverly Advisors LLC now owns 55,500 shares of the company’s stock valued at $6,222,000 after buying an additional 7,658 shares in the last quarter. Wealth Alliance LLC grew its position in Invesco S&P 500 Momentum ETF by 159.5% in the first quarter. Wealth Alliance LLC now owns 17,603 shares of the company’s stock worth $1,973,000 after acquiring an additional 10,820 shares in the last quarter. Compound Planning Inc. grew its position in Invesco S&P 500 Momentum ETF by 249.7% in the first quarter. Compound Planning Inc. now owns 13,424 shares of the company’s stock worth $1,505,000 after acquiring an additional 9,585 shares in the last quarter. Modern Wealth Management LLC grew its position in Invesco S&P 500 Momentum ETF by 13.4% in the first quarter. Modern Wealth Management LLC now owns 145,804 shares of the company’s stock worth $16,695,000 after acquiring an additional 17,208 shares in the last quarter. Finally, Greenline Wealth Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 6.1% during the first quarter. Greenline Wealth Management LLC now owns 33,590 shares of the company’s stock worth $3,766,000 after acquiring an additional 1,917 shares during the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO stock opened at $143.42 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The stock’s 50 day simple moving average is $150.94 and its two-hundred day simple moving average is $132.97. The company has a market cap of $20.80 billion, a PE ratio of 29.51 and a beta of 1.09.
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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