Signet Financial Management LLC Buys 1,834 Shares of Invesco S&P 500 Momentum ETF $SPMO

Signet Financial Management LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,416 shares of the company’s stock after acquiring an additional 1,834 shares during the quarter. Signet Financial Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $28,000. WealthShield Partners LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 51.2% during the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $40,000. Sound Income Strategies LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1,859.3% during the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock valued at $49,000 after acquiring an additional 502 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 41.2% during the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after acquiring an additional 154 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.5%

Shares of SPMO opened at $120.31 on Friday. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The stock has a 50 day moving average of $117.25 and a 200 day moving average of $106.16. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $122.30.

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.