Chicago Partners Investment Group LLC Purchases New Position in Invesco S&P 500 Momentum ETF $SPMO

Chicago Partners Investment Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 46,313 shares of the company’s stock, valued at approximately $5,296,000.

Several other large investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $1,180,000. Manchester Financial Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 95.7% in the 2nd quarter. Manchester Financial Inc. now owns 72,492 shares of the company’s stock valued at $8,153,000 after purchasing an additional 35,450 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 342.5% in the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Invesco S&P 500 Momentum ETF by 829.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 154,539 shares of the company’s stock valued at $17,381,000 after purchasing an additional 137,919 shares in the last quarter. Finally, Roof Eidam Maycock Peralta LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $661,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $120.42 on Monday. The firm has a 50-day moving average of $119.07 and a two-hundred day moving average of $109.35. The stock has a market cap of $13.04 billion, a P/E ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.63.

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.