McKinley Carter Wealth Services Inc. Acquires New Position in Invesco S&P 500 Momentum ETF $SPMO

McKinley Carter Wealth Services Inc. acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,867 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 41.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after purchasing an additional 1,770,226 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after buying an additional 1,400,512 shares during the period. Mainstay Capital Management LLC ADV increased its holdings in Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after buying an additional 1,388,287 shares during the period. Clark Capital Management Group Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 35.4% in the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock worth $155,747,000 after buying an additional 440,005 shares during the period. Finally, CWM LLC increased its holdings in Invesco S&P 500 Momentum ETF by 201.9% in the 1st quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after buying an additional 878,259 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 2.7%

Shares of NYSEARCA:SPMO opened at $118.50 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $122.53. The company’s 50 day moving average is $118.59 and its 200 day moving average is $108.17. The company has a market cap of $13.03 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.