Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by LGT Financial Advisors LLC

LGT Financial Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 18.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,027 shares of the company’s stock after acquiring an additional 309 shares during the period. LGT Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Darrow Company Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 8.7% in the 2nd quarter. Darrow Company Inc. now owns 45,666 shares of the company’s stock valued at $5,136,000 after purchasing an additional 3,655 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Invesco S&P 500 Momentum ETF by 2.1% during the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares in the last quarter. Altus Wealth Group LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 3.4% in the second quarter. Altus Wealth Group LLC now owns 131,514 shares of the company’s stock worth $14,791,000 after buying an additional 4,381 shares during the period. Balboa Wealth Partners acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at about $2,064,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at about $5,296,000.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $121.24 on Tuesday. The firm has a market capitalization of $13.13 billion, a PE ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $122.63. The stock’s 50 day moving average price is $119.15 and its 200 day moving average price is $109.63.

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.