Green Ridge Wealth Planning LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 7.8% in the third quarter, Holdings Channel.com reports. The fund owned 118,636 shares of the company’s stock after buying an additional 8,610 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 7.3% of Green Ridge Wealth Planning LLC’s holdings, making the stock its 3rd largest holding. Green Ridge Wealth Planning LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $17,983,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rosenberg Matthew Hamilton acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Toth Financial Advisory Corp bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth $34,000. Montgomery Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $46,000. Blue Trust Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares during the period. Finally, Timbuktu Capital Management LLC bought a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at about $65,000.
Invesco S&P 500 Momentum ETF Trading Down 1.4%
NYSEARCA:SPMO opened at $150.84 on Friday. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The business’s 50-day moving average price is $149.48 and its two-hundred day moving average price is $143.77. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.
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.
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