Curtis Wealth Management LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Curtis Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,291 shares of the company’s stock, valued at approximately $3,362,000. Invesco S&P 500 Momentum ETF comprises 3.0% of Curtis Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $18,900,000. Jane Street Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after purchasing an additional 31,344 shares during the last quarter. Invesco Ltd. grew its position in shares of Invesco S&P 500 Momentum ETF by 43.9% in the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after purchasing an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 11.7% in the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after purchasing an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 5.6%

Invesco S&P 500 Momentum ETF stock opened at $144.28 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $105.74 and a 12 month high of $155.74. The stock’s 50 day moving average is $133.97 and its 200-day moving average is $124.16. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11.

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.