Global Retirement Partners LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,206 shares of the company’s stock, valued at approximately $6,771,000. Global Retirement Partners LLC owned approximately 0.06% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. WealthShield Partners LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 51.2% during the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after acquiring an additional 132 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at about $31,000. Rossby Financial LCC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 237.8% in the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock valued at $34,000 after purchasing an additional 214 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 342.5% in the second quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after purchasing an additional 274 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Down 0.1%
Invesco S&P 500 Momentum ETF stock opened at $114.30 on Monday. The stock has a 50-day moving average price of $120.22 and a 200 day moving average price of $114.57. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56.
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.
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