Evolution Wealth Management Inc. Buys 11,507 Shares of Invesco S&P 500 Momentum ETF $SPMO

Evolution Wealth Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 90.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 24,169 shares of the company’s stock after acquiring an additional 11,507 shares during the period. Invesco S&P 500 Momentum ETF accounts for 2.0% of Evolution Wealth Management Inc.’s portfolio, making the stock its 10th biggest position. Evolution Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at $44,000. Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $48,000. Finally, MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $50,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $150.83 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The firm has a fifty day simple moving average of $147.74 and a 200 day simple moving average of $129.17. The company has a market capitalization of $21.10 billion, a PE ratio of 29.51 and a beta of 1.09.

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.