Orion Porfolio Solutions LLC Grows Stake in Invesco S&P 500 Momentum ETF $SPMO

Orion Porfolio Solutions LLC increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 37.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 978,755 shares of the company’s stock after purchasing an additional 266,205 shares during the period. Invesco S&P 500 Momentum ETF accounts for 0.9% of Orion Porfolio Solutions LLC’s holdings, making the stock its 12th biggest holding. Orion Porfolio Solutions LLC owned 1.03% of Invesco S&P 500 Momentum ETF worth $110,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in Invesco S&P 500 Momentum ETF by 218.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 247,366 shares of the company’s stock valued at $27,821,000 after buying an additional 169,631 shares in the last quarter. Claris Financial LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 22.1% during the second quarter. Claris Financial LLC now owns 9,439 shares of the company’s stock worth $1,062,000 after acquiring an additional 1,706 shares during the last quarter. Fulcrum Equity Management boosted its position in shares of Invesco S&P 500 Momentum ETF by 88.9% during the second quarter. Fulcrum Equity Management now owns 4,117 shares of the company’s stock worth $463,000 after acquiring an additional 1,938 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF during the second quarter valued at $2,117,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $7,055,000.

Invesco S&P 500 Momentum ETF Stock Down 2.2%

Shares of SPMO stock opened at $119.10 on Friday. The company’s fifty day simple moving average is $119.85 and its two-hundred day simple moving average is $116.23. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The stock has a market cap of $13.01 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.