Tradition Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 42.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,243 shares of the company’s stock after acquiring an additional 7,267 shares during the quarter. Tradition Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,893,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $33,000. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $44,000. MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $50,000. Finally, Capital Investment Advisory Services LLC grew its holdings in Invesco S&P 500 Momentum ETF by 90.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock worth $51,000 after acquiring an additional 200 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 5.6%
Invesco S&P 500 Momentum ETF stock opened at $144.28 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $105.74 and a 1 year high of $155.74. The company has a market cap of $17.59 billion, a PE ratio of 29.51 and a beta of 1.11. The company’s 50-day moving average is $133.97 and its two-hundred day moving average is $124.16.
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.
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