Noble Wealth Partners LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Noble Wealth Partners LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,147 shares of the company’s stock, valued at approximately $3,578,000. Invesco S&P 500 Momentum ETF makes up approximately 3.1% of Noble Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPMO. Coppell Advisory Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF in the second quarter worth $26,000. Blue Trust Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth about $44,000. Montgomery Financial Services LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $46,000. Finally, Networth Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth about $48,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $149.72 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The company has a 50-day moving average of $149.05 and a 200 day moving average of $138.25.

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.