Invesco S&P 500 Momentum ETF $SPMO Holdings Raised by Brookstone Capital Management

Brookstone Capital Management boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 144.3% in the second quarter, Holdings Channel reports. The institutional investor owned 12,043 shares of the company’s stock after acquiring an additional 7,114 shares during the quarter. Brookstone Capital Management’s holdings in Invesco S&P 500 Momentum ETF were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthShield Partners LLC lifted its position in Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after buying an additional 104 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 342.5% in the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Compass Financial Services Inc purchased a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $71,000. NorthRock Partners LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $73,000. Finally, Global Trust Asset Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $87,000.

Invesco S&P 500 Momentum ETF Stock Up 1.1%

SPMO stock opened at $121.71 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $122.63. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The company has a 50 day moving average of $119.36 and a two-hundred day moving average of $110.49.

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.