Mascagni Wealth Management Inc. Has $3.96 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Mascagni Wealth Management Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,200 shares of the company’s stock after buying an additional 5,514 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 3.0% of Mascagni Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Mascagni Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dunhill Financial LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $33,000. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $33,000. Dogwood Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $44,000. MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $50,000. Finally, Capital Investment Advisory Services LLC increased its stake in Invesco S&P 500 Momentum ETF by 90.5% in the third quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock valued at $51,000 after purchasing an additional 200 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $144.28 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $105.74 and a 52 week high of $155.74. The company has a market capitalization of $17.59 billion, a PE ratio of 29.51 and a beta of 1.11. The company has a 50 day moving average price of $133.97 and a two-hundred day moving average price of $124.16.

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.