Invesco S&P 500 Momentum ETF $SPMO is Concorde Asset Management LLC’s 2nd Largest Position

Concorde Asset Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,745 shares of the company’s stock after purchasing an additional 6,473 shares during the period. Invesco S&P 500 Momentum ETF comprises 5.5% of Concorde Asset Management LLC’s holdings, making the stock its 2nd largest position. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,651,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Capstone Wealth Management Group LLC raised its position in Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after acquiring an additional 65,515 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $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 valued at $3,737,000 after acquiring an additional 31,344 shares during the period. Invesco Ltd. lifted its holdings in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after purchasing an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after purchasing an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.5%

SPMO opened at $150.47 on Wednesday. The firm has a 50-day moving average price of $148.66 and a 200-day moving average price of $138.83. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market capitalization of $22.03 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.