Hopwood Nicholas Hunter Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Hopwood Nicholas Hunter bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,670 shares of the company’s stock, valued at approximately $2,693,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPMO. Elevation Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $219,000. Washington Growth Strategies LLC boosted its stake in Invesco S&P 500 Momentum ETF by 2.2% in the 2nd quarter. Washington Growth Strategies LLC now owns 22,767 shares of the company’s stock valued at $3,678,000 after purchasing an additional 493 shares during the period. SMART Wealth LLC grew its holdings in Invesco S&P 500 Momentum ETF by 1,733.8% in the 2nd quarter. SMART Wealth LLC now owns 45,954 shares of the company’s stock valued at $7,423,000 after buying an additional 43,448 shares in the last quarter. Valued Retirements Inc. increased its position in Invesco S&P 500 Momentum ETF by 6.6% during the 2nd quarter. Valued Retirements Inc. now owns 5,221 shares of the company’s stock worth $843,000 after buying an additional 324 shares during the period. Finally, Legacy Wealth Managment LLC ID increased its position in Invesco S&P 500 Momentum ETF by 219.6% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 2,490 shares of the company’s stock worth $402,000 after buying an additional 1,711 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 1.6%

NYSEARCA SPMO opened at $149.72 on Friday. The company has a market capitalization of $21.92 billion, a P/E ratio of 29.51 and a beta of 1.10. The firm has a 50-day moving average price of $149.05 and a two-hundred day moving average price of $138.25. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30.

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.