Invesco S&P 500 Momentum ETF $SPMO Holdings Raised by Redwood Investment Management LLC

Redwood Investment Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 656,268 shares of the company’s stock after acquiring an additional 33,157 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 9.1% of Redwood Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. Redwood Investment Management LLC owned about 0.54% of Invesco S&P 500 Momentum ETF worth $73,574,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SPMO. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 4th quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at $44,000. Networth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at $48,000. Finally, Wellington Grp LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after buying an additional 139 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $143.83 on Monday. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The stock’s fifty day moving average price is $150.92 and its 200 day moving average price is $133.13. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.

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.