Lionsbridge Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,116 shares of the company’s stock, valued at approximately $988,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at $48,000. Wellington Grp LLC raised its position in Invesco S&P 500 Momentum ETF by 43.6% during the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after purchasing an additional 139 shares in the last quarter. Finally, Team Financial Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 58.4% in the 1st quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after buying an additional 173 shares during the period.
Invesco S&P 500 Momentum ETF Trading Down 1.1%
Shares of SPMO stock opened at $145.54 on Wednesday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The stock has a fifty day simple moving average of $149.54 and a two-hundred day simple moving average of $137.77. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.
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.
Featured Stories
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
