Invesco S&P 500 Momentum ETF $SPMO Stock Holdings Increased by Virtue Capital Management LLC

Virtue Capital Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 50.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,538 shares of the company’s stock after buying an additional 1,847 shares during the quarter. Virtue Capital Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $623,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after acquiring an additional 2,151,980 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of Invesco S&P 500 Momentum ETF by 111.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares during the period. CWM LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after buying an additional 1,144,827 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $40,743,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at about $49,493,000.

Invesco S&P 500 Momentum ETF Stock Up 0.7%

Shares of NYSEARCA SPMO opened at $120.12 on Friday. The firm’s 50-day moving average price is $119.97 and its two-hundred day moving average price is $115.02. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The stock has a market capitalization of $13.12 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.