Duncan Williams Asset Management LLC Invests $1.39 Million in Invesco S&P 500 Momentum ETF $SPMO

Duncan Williams Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,371 shares of the company’s stock, valued at approximately $1,391,000.

A number of other hedge funds also recently bought and sold shares of SPMO. Fourth Dimension Wealth LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $28,000. WealthShield Partners LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 51.2% during the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $40,000. Continuum Advisory LLC lifted its stake in Invesco S&P 500 Momentum ETF by 41.2% during the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after acquiring an additional 154 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in Invesco S&P 500 Momentum ETF by 1,859.3% during the 1st quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock valued at $49,000 after acquiring an additional 502 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.6%

Shares of SPMO stock opened at $120.09 on Monday. The company has a 50 day moving average price of $118.03 and a 200-day moving average price of $107.48. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $122.30. The firm has a market capitalization of $13.13 billion, a PE ratio of 29.51 and a beta of 0.89.

Invesco S&P 500 Momentum ETF 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.