Redhawk Wealth Advisors Inc. Acquires 48,796 Shares of Invesco S&P 500 Momentum ETF $SPMO

Redhawk Wealth Advisors Inc. boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 264.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,258 shares of the company’s stock after buying an additional 48,796 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 1.1% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 24th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $10,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.0% in the first quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock worth $131,000 after acquiring an additional 87 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Fourth Dimension Wealth LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 20.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock valued at $72,000 after purchasing an additional 100 shares during the last quarter. Peregrine Asset Advisers Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 3.1% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after purchasing an additional 100 shares during the last quarter. Finally, Triumph Capital Management increased its position in Invesco S&P 500 Momentum ETF by 19.0% during the 4th quarter. Triumph Capital Management now owns 671 shares of the company’s stock worth $80,000 after purchasing an additional 107 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $148.70 on Tuesday. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The company has a 50 day simple moving average of $150.86 and a 200 day simple moving average of $134.39. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.

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.