Wedmont Private Capital raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 97.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 45,348 shares of the company’s stock after purchasing an additional 22,385 shares during the period. Wedmont Private Capital’s holdings in Invesco S&P 500 Momentum ETF were worth $6,972,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 8.0% in the 1st quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock valued at $131,000 after acquiring an additional 87 shares during the period. Blue Trust Inc. boosted its stake 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 purchasing an additional 93 shares during the period. Fourth Dimension Wealth LLC boosted its stake 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 purchasing an additional 100 shares during the period. Peregrine Asset Advisers Inc. grew its position in Invesco S&P 500 Momentum ETF by 3.1% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock worth $368,000 after purchasing an additional 100 shares during the last quarter. Finally, Triumph Capital Management grew its position in Invesco S&P 500 Momentum ETF by 19.0% during the 4th quarter. Triumph Capital Management now owns 671 shares of the company’s stock worth $80,000 after purchasing an additional 107 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA SPMO opened at $149.72 on Monday. The firm has a market cap of $21.92 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The firm’s fifty day moving average is $149.05 and its two-hundred day moving average is $138.39.
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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