Advance Capital Management Inc. Has $3.24 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Advance Capital Management Inc. increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.4% during the second quarter, Holdings Channel reports. The institutional investor owned 28,844 shares of the company’s stock after purchasing an additional 4,063 shares during the quarter. Advance Capital Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldstone Financial Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 244.8% in the 2nd quarter. Goldstone Financial Group LLC now owns 8,882 shares of the company’s stock valued at $999,000 after acquiring an additional 6,306 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at approximately $3,836,000. Nova Wealth Management Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 36.5% in the second quarter. Nova Wealth Management Inc. now owns 56,650 shares of the company’s stock valued at $6,371,000 after purchasing an additional 15,152 shares in the last quarter. OMNI 360 Wealth Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 16.6% in the second quarter. OMNI 360 Wealth Inc. now owns 5,929 shares of the company’s stock valued at $667,000 after purchasing an additional 843 shares in the last quarter. Finally, City Center Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth $232,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $120.48 on Monday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $120.64. The firm has a market capitalization of $11.45 billion, a PE ratio of 29.51 and a beta of 0.89. The company’s fifty day moving average price is $115.67 and its two-hundred day moving average price is $104.72.

Invesco S&P 500 Momentum ETF 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.