Castle Rock Wealth Management LLC Invests $2.26 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Castle Rock Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,713 shares of the company’s stock, valued at approximately $2,263,000. Castle Rock Wealth Management LLC owned approximately 0.15% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Richardson Financial Services Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 26.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after purchasing an additional 200 shares during the last quarter. Financial Partners Group Inc boosted its position in Invesco S&P 500 Momentum ETF by 4.4% during the second quarter. Financial Partners Group Inc now owns 6,573 shares of the company’s stock worth $575,000 after acquiring an additional 279 shares during the last quarter. Concourse Financial Group Securities Inc. grew its stake in Invesco S&P 500 Momentum ETF by 103.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares during the period. Global Trust Asset Management LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $34,000. Finally, ORG Partners LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth $38,000.

Invesco S&P 500 Momentum ETF Stock Up 0.8 %

Shares of SPMO stock traded up $0.71 during mid-day trading on Friday, hitting $93.41. 150,821 shares of the company’s stock were exchanged, compared to its average volume of 535,238. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a fifty-two week low of $55.32 and a fifty-two week high of $93.52. The stock has a 50-day simple moving average of $88.09 and a two-hundred day simple moving average of $84.72.

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.