Trinity Wealth Management LLC Has $3.42 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Trinity Wealth Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 118.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,168 shares of the company’s stock after buying an additional 11,458 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 1.1% of Trinity Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Trinity Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,419,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPMO. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $33,000. Blue Trust Inc. lifted its position in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the period. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $44,000. Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $48,000. Finally, Wellington Grp LLC raised its stake 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 worth $51,000 after buying an additional 139 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $150.27 on Thursday. The company has a fifty day moving average price of $150.97 and a two-hundred day moving average price of $133.75. The firm has a market capitalization of $22.01 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

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.