Whitaker Myers Wealth Managers LTD. Acquires New Position in Invesco S&P 500 Momentum ETF $SPMO

Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 208,284 shares of the company’s stock, valued at approximately $25,215,000. Invesco S&P 500 Momentum ETF makes up about 5.5% of Whitaker Myers Wealth Managers LTD.’s holdings, making the stock its 5th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 83.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock valued at $1,446,000 after buying an additional 5,834 shares during the period. Global Retirement Partners LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $6,771,000. Brookstone Capital Management lifted its holdings in Invesco S&P 500 Momentum ETF by 1,525.4% in the third quarter. Brookstone Capital Management now owns 195,748 shares of the company’s stock worth $23,697,000 after acquiring an additional 183,705 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Invesco S&P 500 Momentum ETF by 32.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,080 shares of the company’s stock valued at $1,471,000 after acquiring an additional 3,230 shares during the period. Finally, Seeds Investor LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at approximately $248,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $121.45 on Friday. The firm has a market capitalization of $13.27 billion, a P/E ratio of 29.51 and a beta of 0.98. The business has a 50 day simple moving average of $119.64 and a 200 day simple moving average of $117.00. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56.

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.