Lionsbridge Wealth Management LLC Buys Shares of 25,136 Invesco S&P 500 Momentum ETF $SPMO

Lionsbridge Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,136 shares of the company’s stock, valued at approximately $2,827,000. Invesco S&P 500 Momentum ETF comprises 2.8% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 41.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after purchasing an additional 1,770,226 shares during the last quarter. LPL Financial LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after purchasing an additional 1,400,512 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after purchasing an additional 1,388,287 shares during the last quarter. CWM LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after purchasing an additional 1,144,827 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $56,345,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $121.24 on Tuesday. The firm’s 50 day moving average price is $119.15 and its 200-day moving average price is $109.63. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $122.63. The firm has a market cap of $13.13 billion, a P/E ratio of 29.51 and a beta of 0.89.

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.