Invesco S&P 500 Momentum ETF $SPMO Stake Boosted by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,035.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,646 shares of the company’s stock after purchasing an additional 17,916 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 0.8% of Hutchens & Kramer Investment Management Group LLC’s holdings, making the stock its 27th biggest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,344,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. MKT Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 87.6% in the fourth quarter. MKT Advisors LLC now owns 6,611 shares of the company’s stock worth $796,000 after acquiring an additional 3,087 shares in the last quarter. Maridea Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $210,000. Cooper Financial Group purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $209,000. Sovereign Financial Group Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 1.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 11,593 shares of the company’s stock worth $1,383,000 after purchasing an additional 151 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in Invesco S&P 500 Momentum ETF by 63.3% in the 4th quarter. Magnus Financial Group LLC now owns 2,702 shares of the company’s stock worth $322,000 after purchasing an additional 1,047 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $113.78 on Friday. The firm’s 50 day moving average price is $118.81 and its two-hundred day moving average price is $119.52. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.