Invesco S&P 500 Momentum ETF $SPMO Position Increased by Centerpoint Advisory Group

Centerpoint Advisory Group raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.1% during the first quarter, HoldingsChannel reports. The firm owned 74,300 shares of the company’s stock after buying an additional 9,166 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 6.3% of Centerpoint Advisory Group’s holdings, making the stock its biggest position. Centerpoint Advisory Group’s holdings in Invesco S&P 500 Momentum ETF were worth $8,330,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Advance Capital Management Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 0.7% during the 1st quarter. Advance Capital Management Inc. now owns 232,079 shares of the company’s stock worth $26,018,000 after acquiring an additional 1,705 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 49.2% in the first quarter. Integrated Advisors Network LLC now owns 6,894 shares of the company’s stock valued at $773,000 after buying an additional 2,273 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its position in Invesco S&P 500 Momentum ETF by 45.3% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 3,904 shares of the company’s stock worth $438,000 after acquiring an additional 1,218 shares during the period. Astoria Portfolio Advisors LLC. increased its stake in shares of Invesco S&P 500 Momentum ETF by 213.5% during the first quarter. Astoria Portfolio Advisors LLC. now owns 22,379 shares of the company’s stock worth $2,509,000 after acquiring an additional 15,240 shares during the period. Finally, Cobblestone Asset Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 3.2% during the 1st quarter. Cobblestone Asset Management LLC now owns 43,970 shares of the company’s stock worth $4,929,000 after buying an additional 1,349 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $148.66 on Tuesday. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The business’s 50 day simple moving average is $148.22 and its 200-day simple moving average is $129.48.

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.