Redhawk Wealth Advisors Inc. grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 264.3% during the second quarter, HoldingsChannel.com reports. The firm owned 67,258 shares of the company’s stock after purchasing an additional 48,796 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 1.1% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $10,865,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in SPMO. SG Americas Securities LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 8.0% in the first quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock valued at $131,000 after buying an additional 87 shares during the period. Blue Trust Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares during the last quarter. Fourth Dimension Wealth LLC grew its holdings in Invesco S&P 500 Momentum ETF by 20.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock worth $72,000 after acquiring an additional 100 shares during the last quarter. Peregrine Asset Advisers Inc. increased its position in Invesco S&P 500 Momentum ETF by 3.1% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after acquiring an additional 100 shares during the period. Finally, Triumph Capital Management increased its position in Invesco S&P 500 Momentum ETF by 19.0% in the 4th quarter. Triumph Capital Management now owns 671 shares of the company’s stock valued at $80,000 after acquiring an additional 107 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO stock opened at $148.70 on Tuesday. The company has a fifty day moving average price of $150.86 and a 200-day moving average price of $134.39. The company has a market capitalization of $21.78 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.
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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