17,100 Shares in Invesco S&P 500 Momentum ETF $SPMO Acquired by Optivise Advisory Services LLC

Optivise Advisory Services LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,100 shares of the company’s stock, valued at approximately $1,923,000. Invesco S&P 500 Momentum ETF comprises 1.0% of Optivise Advisory Services LLC’s portfolio, making the stock its 23rd largest position.

Several other hedge funds have also recently modified their holdings of the business. Stephens Inc. AR raised its stake in shares of Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC raised its position in Invesco S&P 500 Momentum ETF by 0.7% in the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after buying an additional 94 shares during the last quarter. WealthShield Partners LLC raised its position in Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after buying an additional 104 shares during the last quarter. Sutton Place Investors LLC raised its position in Invesco S&P 500 Momentum ETF by 1.8% in the 2nd quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after buying an additional 109 shares during the last quarter. Finally, Firethorn Wealth Partners LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.2% during the second quarter. Firethorn Wealth Partners LLC now owns 9,556 shares of the company’s stock valued at $1,075,000 after purchasing an additional 116 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.0%

SPMO opened at $121.65 on Tuesday. The firm has a 50 day moving average price of $120.15 and a 200-day moving average price of $112.16. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.