Invesco S&P 500 Momentum ETF $SPMO is Triton Wealth Management PLLC’s 2nd Largest Position

Triton Wealth Management PLLC boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 274,253 shares of the company’s stock after purchasing an additional 32,636 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 11.7% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 2nd largest position. Triton Wealth Management PLLC owned about 0.23% of Invesco S&P 500 Momentum ETF worth $31,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. Networth Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $48,000. Finally, Salomon & Ludwin LLC grew its stake in Invesco S&P 500 Momentum ETF by 61.3% during the 4th quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.4%

SPMO stock traded up $0.67 during mid-day trading on Friday, reaching $153.75. The company’s stock had a trading volume of 1,625,099 shares, compared to its average volume of 1,929,442. The company’s 50 day moving average is $149.87 and its two-hundred day moving average is $130.35. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The stock has a market cap of $21.79 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.