Magnolia Capital Advisors LLC Buys New Position in Invesco S&P 500 Momentum ETF $SPMO

Magnolia Capital Advisors 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 (SEC). The institutional investor bought 1,836 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors have also added to or reduced their stakes in SPMO. WealthShield Partners LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 51.2% during the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after buying an additional 104 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after buying an additional 132 shares in the last quarter. Rossby Financial LCC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 237.8% during the 2nd quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after buying an additional 214 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Finally, Compass Financial Services Inc bought a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $71,000.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $119.46 on Wednesday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The stock’s 50 day moving average price is $120.20 and its two-hundred day moving average price is $112.38.

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.