Endowment Wealth Management Inc. Acquires 6,455 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Endowment Wealth Management Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 39.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,786 shares of the company’s stock after acquiring an additional 6,455 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 1.5% of Endowment Wealth Management Inc.’s holdings, making the stock its 16th biggest holding. Endowment Wealth Management Inc. owned about 0.14% of Invesco S&P 500 Momentum ETF worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after purchasing an additional 113,439 shares in the last quarter. Mainstay Capital Management LLC ADV raised its stake in Invesco S&P 500 Momentum ETF by 374.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock worth $115,617,000 after purchasing an additional 960,418 shares in the last quarter. Money Concepts Capital Corp grew its position in Invesco S&P 500 Momentum ETF by 9.1% during the fourth quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock worth $58,101,000 after buying an additional 50,980 shares in the last quarter. Trilogy Capital Inc. grew its position in Invesco S&P 500 Momentum ETF by 1.6% during the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after buying an additional 6,523 shares in the last quarter. Finally, One Capital Management LLC grew its position in Invesco S&P 500 Momentum ETF by 19.6% during the fourth quarter. One Capital Management LLC now owns 380,906 shares of the company’s stock worth $36,190,000 after buying an additional 62,306 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $92.11 on Tuesday. The business has a fifty day moving average price of $99.00 and a two-hundred day moving average price of $95.13. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The stock has a market capitalization of $5.13 billion, a PE ratio of 26.90 and a beta of 0.94.

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.