19,959 Shares in Invesco S&P 500 Momentum ETF $SPMO Acquired by Lunt Capital Management Inc.

Lunt Capital Management Inc. acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,959 shares of the company’s stock, valued at approximately $3,224,000. Invesco S&P 500 Momentum ETF makes up about 1.2% of Lunt Capital Management Inc.’s investment portfolio, making the stock its 26th largest position.

A number of other large investors have also modified their holdings of the business. Capital Analysts LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 18.4% in the second quarter. Capital Analysts LLC now owns 9,756 shares of the company’s stock worth $1,577,000 after buying an additional 1,518 shares in the last quarter. Concorde Asset Management LLC raised its holdings in Invesco S&P 500 Momentum ETF by 12.2% in the 2nd quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock valued at $9,651,000 after acquiring an additional 6,473 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Invesco S&P 500 Momentum ETF by 96.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 136,683 shares of the company’s stock worth $22,080,000 after purchasing an additional 67,068 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 42.1% in the 2nd quarter. NewEdge Advisors LLC now owns 200,379 shares of the company’s stock worth $32,369,000 after purchasing an additional 59,349 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 5.8% during the 2nd quarter. IFP Advisors Inc now owns 9,352 shares of the company’s stock worth $1,511,000 after purchasing an additional 512 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $150.30 on Thursday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm has a market capitalization of $22.01 billion, a PE ratio of 29.51 and a beta of 1.10. The business has a 50 day simple moving average of $148.55 and a 200-day simple moving average of $139.05.

About Invesco S&P 500 Momentum ETF

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.