HBW Advisory Services LLC Has $27.27 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

HBW Advisory Services LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 243,249 shares of the company’s stock after acquiring an additional 12,749 shares during the period. Invesco S&P 500 Momentum ETF makes up 2.9% of HBW Advisory Services LLC’s portfolio, making the stock its 3rd largest holding. HBW Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $27,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SPMO. Chicago Partners Investment Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 2.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 98,727 shares of the company’s stock valued at $11,068,000 after acquiring an additional 2,318 shares during the last quarter. Team Financial Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 58.4% in the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after purchasing an additional 173 shares during the last quarter. Vantage Point Financial LLC grew its position in Invesco S&P 500 Momentum ETF by 30.0% in the 1st quarter. Vantage Point Financial LLC now owns 3,633 shares of the company’s stock worth $407,000 after purchasing an additional 838 shares during the period. Uptick Partners LLC raised its stake in Invesco S&P 500 Momentum ETF by 87.9% during the 1st quarter. Uptick Partners LLC now owns 7,243 shares of the company’s stock valued at $812,000 after buying an additional 3,389 shares during the last quarter. Finally, CAP Partners LLC raised its stake in Invesco S&P 500 Momentum ETF by 36.3% during the 1st quarter. CAP Partners LLC now owns 9,983 shares of the company’s stock valued at $1,119,000 after buying an additional 2,660 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $149.73 on Tuesday. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The business’s fifty day moving average price is $150.19 and its 200-day moving average price is $130.62.

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.