Concurrent Investment Advisors LLC Raises Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Concurrent Investment Advisors LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.2% in the 2nd quarter, Holdings Channel reports. The firm owned 135,238 shares of the company’s stock after acquiring an additional 7,889 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $15,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter worth about $1,233,000. Richardson Financial Services Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 42.6% during the second quarter. Richardson Financial Services Inc. now owns 1,373 shares of the company’s stock worth $152,000 after purchasing an additional 410 shares in the last quarter. Fischer Investment Strategies LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 447.0% during the second quarter. Fischer Investment Strategies LLC now owns 99,987 shares of the company’s stock worth $11,245,000 after purchasing an additional 81,707 shares in the last quarter. M1 Capital Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 0.6% during the second quarter. M1 Capital Management LLC now owns 22,567 shares of the company’s stock worth $2,538,000 after purchasing an additional 132 shares in the last quarter. Finally, WMG Financial Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter worth about $494,000.

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 12 month low of $78.25 and a 12 month high of $122.53. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The business has a 50-day moving average of $118.59 and a 200-day moving average of $108.26.

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.