Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by SMART Wealth LLC

SMART Wealth LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,733.8% in the second quarter, Holdings Channel.com reports. The firm owned 45,954 shares of the company’s stock after buying an additional 43,448 shares during the period. Invesco S&P 500 Momentum ETF comprises 1.6% of SMART Wealth LLC’s portfolio, making the stock its 9th largest holding. SMART Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $7,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position 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 in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $44,000. Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $48,000. Wellington Grp LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 43.6% in the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after buying an additional 139 shares during the last quarter. Finally, Team Financial Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 58.4% in the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after buying an additional 173 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $147.41 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The stock has a market capitalization of $21.59 billion, a PE ratio of 29.51 and a beta of 1.10. The firm’s fifty day moving average price is $149.14 and its 200 day moving average price is $138.17.

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.