Capstone Wealth Management Group LLC Takes Position in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM)

Capstone Wealth Management Group LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) in the first quarter, HoldingsChannel.com reports. The firm acquired 76,790 shares of the company’s stock, valued at approximately $4,405,000. Invesco S&P 500 Value with Momentum ETF accounts for 3.5% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 12th largest holding. Capstone Wealth Management Group LLC owned 0.08% of Invesco S&P 500 Value with Momentum ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Accent Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at $58,000. Private Trust Co. NA acquired a new position in Invesco S&P 500 Value with Momentum ETF in the first quarter valued at $138,000. LPL Financial LLC boosted its holdings in Invesco S&P 500 Value with Momentum ETF by 4.2% in the fourth quarter. LPL Financial LLC now owns 73,515 shares of the company’s stock valued at $4,229,000 after acquiring an additional 2,935 shares during the last quarter. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Value with Momentum ETF by 12.3% in the fourth quarter. Bank of America Corp DE now owns 36,186 shares of the company’s stock valued at $2,081,000 after acquiring an additional 3,958 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at $1,550,000.

Invesco S&P 500 Value with Momentum ETF Trading Up 0.2%

Shares of Invesco S&P 500 Value with Momentum ETF stock opened at $60.76 on Thursday. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $49.89 and a twelve month high of $63.50. The stock has a market capitalization of $54.08 million, a P/E ratio of 13.26 and a beta of 1.02. The business’s fifty day moving average price is $57.77 and its 200 day moving average price is $57.52.

Invesco S&P 500 Value with Momentum ETF Profile

The Invesco S&P 500 Value with Momentum ETF (SPVM) is an exchange-traded fund that is based on the S&P 500 High Momentum Value index. The fund tracks an index of S&P 500 stocks selected by value and momentum and weighted by value. SPVM was launched on Jun 16, 2011 and is managed by Invesco.