Wedmont Private Capital increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 97.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,348 shares of the company’s stock after purchasing an additional 22,385 shares during the quarter. Wedmont Private Capital’s holdings in Invesco S&P 500 Momentum ETF were worth $6,972,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings 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 buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at $44,000. Montgomery Financial Services LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $46,000. Finally, Networth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $48,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of NYSEARCA:SPMO opened at $149.72 on Monday. The company’s fifty day moving average price is $149.05 and its 200 day moving average price is $138.39. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The firm has a market capitalization of $21.92 billion, a P/E ratio of 29.51 and a beta of 1.10.
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.
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