Perigon Wealth Management LLC Increases Position in Invesco S&P 500 Momentum ETF $SPMO

Perigon Wealth Management LLC lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 27.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 106,328 shares of the company’s stock after acquiring an additional 23,160 shares during the period. Perigon Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $12,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castleview Partners LLC grew its stake in Invesco S&P 500 Momentum ETF by 3.2% during the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after purchasing an additional 84 shares during the last quarter. Stephens Inc. AR boosted its position in Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock valued at $496,000 after buying an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 0.7% in the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after buying an additional 94 shares during the period. Fourth Dimension Wealth LLC raised its position in Invesco S&P 500 Momentum ETF by 33.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the last quarter. Finally, Sutton Place Investors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 1.8% during the 2nd quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock valued at $677,000 after acquiring an additional 109 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $121.38 on Friday. The firm’s fifty day simple moving average is $119.66 and its 200-day simple moving average is $117.17. The company has a market capitalization of $13.26 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56.

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.