Worth Asset Management LLC Makes New $2.42 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Worth Asset Management LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 21,473 shares of the company’s stock, valued at approximately $2,415,000. Invesco S&P 500 Momentum ETF comprises approximately 1.2% of Worth Asset Management LLC’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds have also made changes to their positions in SPMO. Jane Street Group LLC lifted its stake in Invesco S&P 500 Momentum ETF by 151.7% in the fourth quarter. Jane Street Group LLC now owns 9,045 shares of the company’s stock valued at $859,000 after acquiring an additional 5,452 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 31.4% during the 4th quarter. Ameriprise Financial Inc. now owns 7,499 shares of the company’s stock worth $712,000 after acquiring an additional 1,793 shares during the last quarter. Breakthru Advisory Services LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $203,000. Strait & Sound Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 2.9% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 8,655 shares of the company’s stock valued at $822,000 after acquiring an additional 243 shares during the period. Finally, Richmond Investment Services LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $268,000.

Invesco S&P 500 Momentum ETF Trading Up 0.6%

NYSEARCA:SPMO opened at $121.45 on Friday. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $121.99. The firm has a fifty day simple moving average of $116.40 and a 200 day simple moving average of $105.25. The stock has a market capitalization of $11.54 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.