Entelevest LLC Purchases New Position in Invesco S&P 500 Momentum ETF $SPMO

Entelevest LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,164 shares of the company’s stock, valued at approximately $2,287,000. Invesco S&P 500 Momentum ETF makes up approximately 2.3% of Entelevest LLC’s investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signet Private Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $1,896,000. Fortune Financial Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $2,525,000. Janney Montgomery Scott LLC raised its position in Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,100 shares of the company’s stock worth $10,989,000 after buying an additional 11,408 shares during the last quarter. Capital Analysts LLC raised its position in Invesco S&P 500 Momentum ETF by 40.1% in the 4th quarter. Capital Analysts LLC now owns 5,776 shares of the company’s stock worth $689,000 after buying an additional 1,652 shares during the last quarter. Finally, Stonebrook Private Inc. raised its position in Invesco S&P 500 Momentum ETF by 82.1% in the 4th quarter. Stonebrook Private Inc. now owns 89,058 shares of the company’s stock worth $10,626,000 after buying an additional 40,163 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $143.68 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $105.74 and a fifty-two week high of $155.74. The business has a 50-day simple moving average of $136.16 and a two-hundred day simple moving average of $124.86. The firm has a market cap of $17.52 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.