MGO One Seven LLC Increases Stake in Invesco S&P 500 Momentum ETF $SPMO

MGO One Seven LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 31.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,016 shares of the company’s stock after buying an additional 2,888 shares during the quarter. MGO One Seven LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,351,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RHS Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $357,000. CWM LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 87.2% during the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after acquiring an additional 1,144,827 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 6.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 135,238 shares of the company’s stock worth $15,210,000 after acquiring an additional 7,889 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $1,233,000. Finally, Richardson Financial Services Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 42.6% during the 2nd quarter. Richardson Financial Services Inc. now owns 1,373 shares of the company’s stock worth $152,000 after acquiring an additional 410 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $121.19 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $122.63. The firm has a market capitalization of $13.10 billion, a PE ratio of 29.51 and a beta of 0.89. The stock’s 50-day simple moving average is $118.92 and its 200-day simple moving average is $108.73.

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.