Stone Wealth Partners Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Stone Wealth Partners purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, Holdings Channel.com reports. The firm purchased 18,933 shares of the company’s stock, valued at approximately $2,259,000. Invesco S&P 500 Momentum ETF accounts for approximately 2.0% of Stone Wealth Partners’ investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capstone Wealth Management Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $18,900,000. Jane Street Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares during the last quarter. Invesco Ltd. raised its stake in Invesco S&P 500 Momentum ETF by 43.9% in the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 11.7% in the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after acquiring an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $159.90 on Friday. The stock has a 50-day moving average of $141.01 and a two-hundred day moving average of $126.43. Invesco S&P 500 Momentum ETF has a one year low of $106.57 and a one year high of $160.65. The stock has a market cap of $19.50 billion, a P/E ratio of 29.51 and a beta of 1.11.

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.