Investment Insight Wealth Management LLC Makes New $630,000 Investment in Invesco S&P 500 Momentum ETF $SPMO

Investment Insight Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,278 shares of the company’s stock, valued at approximately $630,000. Invesco S&P 500 Momentum ETF makes up about 0.6% of Investment Insight Wealth Management LLC’s holdings, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capstone Wealth Management Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $18,900,000. Jane Street Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after acquiring an additional 31,344 shares in the last quarter. Invesco Ltd. lifted its position in Invesco S&P 500 Momentum ETF by 43.9% in the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after acquiring an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Invesco S&P 500 Momentum ETF by 11.7% during the 2nd 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 Up 2.8%

Invesco S&P 500 Momentum ETF stock opened at $159.90 on Friday. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The stock has a fifty day simple moving average of $141.01 and a two-hundred day simple moving average of $126.43. Invesco S&P 500 Momentum ETF has a 12 month low of $106.57 and a 12 month high of $160.65.

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.