Invesco S&P 500 Momentum ETF $SPMO is Financial Enhancement Group LLC’s 10th Largest Position

Financial Enhancement Group LLC cut its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,217 shares of the company’s stock after selling 14,597 shares during the period. Invesco S&P 500 Momentum ETF comprises 2.4% of Financial Enhancement Group LLC’s holdings, making the stock its 10th largest holding. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $20,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter worth about $33,000. Blue Trust Inc. raised its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the period. Dogwood Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $44,000. Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $48,000. Finally, Wellington Grp LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 43.6% in the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after purchasing an additional 139 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $151.17 on Wednesday. The company has a market cap of $22.14 billion, a P/E ratio of 29.51 and a beta of 1.10. The business’s 50 day moving average price is $150.95 and its 200-day moving average price is $133.54. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week 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.