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

Sagespring Wealth Partners LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 27,220 shares of the company’s stock, valued at approximately $3,061,000.

Several other hedge funds have also recently modified their holdings of the stock. RFG Advisory LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 407.7% during the second quarter. RFG Advisory LLC now owns 17,024 shares of the company’s stock valued at $1,915,000 after acquiring an additional 13,671 shares in the last quarter. Perfromance Wealth Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $24,228,000. Axxcess Wealth Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 171.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 162,649 shares of the company’s stock worth $18,293,000 after buying an additional 102,673 shares during the period. Endowment Wealth Management Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 6.0% in the 2nd quarter. Endowment Wealth Management Inc. now owns 26,370 shares of the company’s stock worth $2,966,000 after buying an additional 1,490 shares during the period. Finally, MGO One Seven LLC increased its holdings in Invesco S&P 500 Momentum ETF by 31.6% in the 2nd quarter. MGO One Seven LLC now owns 12,016 shares of the company’s stock worth $1,351,000 after buying an additional 2,888 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 2.3%

Shares of NYSEARCA:SPMO opened at $121.17 on Tuesday. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $122.53. The company’s 50 day moving average is $118.71 and its 200 day moving average is $108.56. The company has a market cap of $13.21 billion, a PE ratio of 29.51 and a beta of 0.89.

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.