Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) is Capstone Wealth Management Group LLC’s 5th Largest Position

Capstone Wealth Management Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 129.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,148 shares of the company’s stock after acquiring an additional 65,515 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 8.6% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 5th biggest position. Capstone Wealth Management Group LLC owned about 0.17% of Invesco S&P 500 Momentum ETF worth $10,747,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Momentum ETF by 363.9% in the 4th quarter. Bank of America Corp DE now owns 1,446,799 shares of the company’s stock valued at $137,460,000 after buying an additional 1,134,915 shares during the period. LPL Financial LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 75.3% in the 4th quarter. LPL Financial LLC now owns 2,178,729 shares of the company’s stock valued at $207,001,000 after buying an additional 935,951 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P 500 Momentum ETF by 391,013.3% in the 4th quarter. JPMorgan Chase & Co. now owns 617,959 shares of the company’s stock valued at $58,712,000 after buying an additional 617,801 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $56,345,000. Finally, Wells Fargo & Company MN grew its stake in shares of Invesco S&P 500 Momentum ETF by 75,657.3% in the 4th quarter. Wells Fargo & Company MN now owns 312,120 shares of the company’s stock valued at $29,655,000 after buying an additional 311,708 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $111.36 on Thursday. The firm has a 50 day simple moving average of $104.09 and a 200-day simple moving average of $98.66. Invesco S&P 500 Momentum ETF has a 1-year low of $76.75 and a 1-year high of $112.68. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 28.02 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.