Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Triton Wealth Management PLLC

Triton Wealth Management PLLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 241,617 shares of the company’s stock after buying an additional 28,659 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 10.9% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 2nd biggest holding. Triton Wealth Management PLLC’s holdings in Invesco S&P 500 Momentum ETF were worth $28,694,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $27,000. Dunhill Financial LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at $33,000. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at $44,000. Finally, MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $50,000.

Invesco S&P 500 Momentum ETF Trading Up 0.8%

NYSEARCA SPMO opened at $147.52 on Friday. The company has a fifty day simple moving average of $124.19 and a 200 day simple moving average of $121.13. Invesco S&P 500 Momentum ETF has a 12-month low of $101.80 and a 12-month high of $147.87. The company has a market cap of $17.99 billion, a P/E ratio of 29.51 and a beta of 1.09.

Invesco S&P 500 Momentum ETF 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.