WealthPLAN Partners LLC Increases Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

WealthPLAN Partners LLC lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,808 shares of the company’s stock after buying an additional 184 shares during the quarter. WealthPLAN Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPMO. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 41.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after buying an additional 1,770,226 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 64.3% in the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after buying an additional 1,400,512 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 111.9% in the second 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 in the last quarter. CWM LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 87.2% in the second quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after buying an additional 1,144,827 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter worth about $56,345,000.

Invesco S&P 500 Momentum ETF Trading Up 0.5%

Shares of Invesco S&P 500 Momentum ETF stock opened at $121.19 on Thursday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $122.63. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The company’s 50-day moving average price is $118.92 and its 200-day moving average price is $108.73.

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.