Trademark Financial Management LLC Acquires 4,364 Shares of Invesco S&P 500 Momentum ETF $SPMO

Trademark Financial Management LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 63,409 shares of the company’s stock after purchasing an additional 4,364 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 3.5% of Trademark Financial Management LLC’s investment portfolio, making the stock its 9th biggest holding. Trademark Financial Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $7,109,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in Invesco S&P 500 Momentum ETF by 8.0% during the first quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock worth $131,000 after acquiring an additional 87 shares during the period. Lantern Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 3.5% in the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock valued at $319,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. boosted its position 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 worth $40,000 after purchasing an additional 93 shares in the last quarter. Santori & Peters Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 2.9% during the 4th quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock worth $417,000 after purchasing an additional 100 shares during the period. Finally, Fourth Dimension Wealth LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 20.0% in the 4th quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock valued at $72,000 after purchasing an additional 100 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.9%

Shares of SPMO opened at $150.83 on Friday. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The company has a 50-day simple moving average of $147.31 and a 200-day simple moving average of $129.01. The company has a market capitalization of $21.10 billion, a PE ratio of 29.51 and a beta of 1.09.

About Invesco S&P 500 Momentum ETF

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.