Firethorn Wealth Partners LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 1.2% during the second quarter, Holdings Channel.com reports. The firm owned 9,556 shares of the company’s stock after purchasing an additional 116 shares during the period. Firethorn Wealth Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,075,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at $28,000. WealthShield Partners LLC raised its position in Invesco S&P 500 Momentum ETF by 51.2% in the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares during the period. ORG Wealth Partners LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at $40,000. Sound Income Strategies LLC raised its position in Invesco S&P 500 Momentum ETF by 1,859.3% in the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock valued at $49,000 after purchasing an additional 502 shares during the period. Finally, Continuum Advisory LLC raised its position in Invesco S&P 500 Momentum ETF by 41.2% in the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares during the period.
Invesco S&P 500 Momentum ETF Stock Down 0.6%
NYSEARCA:SPMO opened at $120.09 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $122.30. The company has a market capitalization of $13.13 billion, a P/E ratio of 29.51 and a beta of 0.89. The stock’s fifty day moving average is $118.03 and its two-hundred day moving average is $107.39.
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.
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