StoneCrest Wealth Management Inc. increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,696 shares of the company’s stock after buying an additional 9,146 shares during the period. Invesco S&P 500 Momentum ETF comprises 5.2% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 2nd largest holding. StoneCrest Wealth Management Inc. owned approximately 0.07% of Invesco S&P 500 Momentum ETF worth $16,428,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of SPMO. LPL Financial LLC raised its holdings in Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after acquiring an additional 182,485 shares during the last quarter. CWM LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.1% during the fourth quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after purchasing an additional 199,934 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after purchasing an additional 385,146 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $149.69 on Monday. The firm has a market capitalization of $21.92 billion, a P/E ratio of 29.51 and a beta of 1.10. The stock has a fifty day moving average price of $150.93 and a 200 day moving average price of $134.17. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.
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.
Featured Articles
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
- Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
