Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Absolute Capital Management LLC

Absolute Capital Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 23.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,841 shares of the company’s stock after buying an additional 742 shares during the period. Absolute Capital Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SPMO. WealthShield Partners LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 51.2% during the 1st 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 period. GHP Investment Advisors Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 99.2% during the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after purchasing an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $31,000. Rossby Financial LCC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 237.8% in the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of 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 in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.8%

Invesco S&P 500 Momentum ETF stock opened at $116.71 on Thursday. The firm has a market cap of $12.75 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The company’s 50 day moving average is $120.46 and its two-hundred day moving average is $114.20.

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.