IFP Advisors Inc Has $615,000 Holdings in Invesco S&P 500 Momentum ETF $SPMO

IFP Advisors Inc boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,040.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,472 shares of the company’s stock after buying an additional 4,992 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mainstay Capital Management LLC ADV raised its holdings in Invesco S&P 500 Momentum ETF by 111.9% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after buying an additional 1,388,287 shares during the period. MSH Capital Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 3.8% during the 2nd quarter. MSH Capital Advisors LLC now owns 3,320 shares of the company’s stock valued at $373,000 after acquiring an additional 121 shares in the last quarter. US Bancorp DE grew its stake in Invesco S&P 500 Momentum ETF by 6.3% during the 2nd quarter. US Bancorp DE now owns 26,298 shares of the company’s stock valued at $2,958,000 after acquiring an additional 1,553 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 6.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 80,248 shares of the company’s stock valued at $9,025,000 after acquiring an additional 4,857 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 91.4% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 27,545 shares of the company’s stock valued at $3,098,000 after acquiring an additional 13,151 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $120.55 on Wednesday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $122.53. The stock’s 50-day moving average is $118.83 and its two-hundred day moving average is $108.64. The stock has a market cap of $13.14 billion, a PE ratio of 29.51 and a beta of 0.89.

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.