Nova Wealth Management Inc. Grows Position in Invesco S&P 500 Momentum ETF $SPMO

Nova Wealth Management Inc. lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,124 shares of the company’s stock after buying an additional 6,190 shares during the period. Invesco S&P 500 Momentum ETF makes up about 5.3% of Nova Wealth Management Inc.’s portfolio, making the stock its largest position. Nova Wealth Management Inc. owned approximately 0.06% of Invesco S&P 500 Momentum ETF worth $7,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter worth $27,000. Blue Trust Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $31,000. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $33,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 117.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after purchasing an additional 165 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $110.31 on Monday. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56. The business has a fifty day moving average price of $118.15 and a 200-day moving average price of $119.38.

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.