Endowment Wealth Management Inc. Buys 1,490 Shares of Invesco S&P 500 Momentum ETF $SPMO

Endowment Wealth Management Inc. grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,370 shares of the company’s stock after purchasing an additional 1,490 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.5% of Endowment Wealth Management Inc.’s portfolio, making the stock its 15th biggest position. Endowment Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $28,000. WealthShield Partners LLC lifted its stake 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 acquiring an additional 104 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $40,000. Sound Income Strategies LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1,859.3% during the 1st quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after acquiring an additional 502 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 41.2% during the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $118.50 on Monday. The company has a market capitalization of $12.91 billion, a PE ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $122.53. The firm’s 50-day moving average is $118.59 and its 200 day moving average is $108.35.

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.