Strait & Sound Wealth Management LLC Purchases 94 Shares of Invesco S&P 500 Momentum ETF $SPMO

Strait & Sound Wealth Management LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,349 shares of the company’s stock after purchasing an additional 94 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPMO. WealthShield Partners LLC increased its holdings in Invesco S&P 500 Momentum ETF by 51.2% in the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares during the period. Tradewinds Capital Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 342.5% in the second quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Compass Financial Services Inc acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at $71,000. NorthRock Partners LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at $73,000. Finally, Global Trust Asset Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at $87,000.

Invesco S&P 500 Momentum ETF Stock Up 1.1%

NYSEARCA SPMO opened at $121.71 on Friday. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $122.63. The stock has a fifty day simple moving average of $119.36 and a 200 day simple moving average of $110.49.

About Invesco S&P 500 Momentum ETF

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.