Northwest Capital Management Inc Invests $1.43 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Northwest Capital Management Inc bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 15,080 shares of the company’s stock, valued at approximately $1,433,000.

A number of other hedge funds have also recently bought and sold shares of SPMO. PSI Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Continuum Advisory LLC raised its holdings in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after purchasing an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 2.0 %

SPMO opened at $99.91 on Monday. The stock’s 50 day simple moving average is $98.87 and its 200-day simple moving average is $94.35. The stock has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44.

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.