Invesco S&P 500 Momentum ETF $SPMO Stake Boosted by Fulcrum Equity Management

Fulcrum Equity Management grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 348.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,031 shares of the company’s stock after purchasing an additional 10,901 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 1.7% of Fulcrum Equity Management’s portfolio, making the stock its 9th biggest position. Fulcrum Equity Management’s holdings in Invesco S&P 500 Momentum ETF were worth $2,267,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Redhawk Wealth Advisors Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 264.3% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 67,258 shares of the company’s stock worth $10,865,000 after purchasing an additional 48,796 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Invesco S&P 500 Momentum ETF by 4.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 59,401 shares of the company’s stock worth $9,596,000 after buying an additional 2,719 shares in the last quarter. FFG Retirement Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 1.4% in the second quarter. FFG Retirement Advisors LLC now owns 23,126 shares of the company’s stock worth $3,736,000 after buying an additional 314 shares in the last quarter. Professional Financial Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 5.6% during the second quarter. Professional Financial Advisors LLC now owns 51,034 shares of the company’s stock worth $8,244,000 after buying an additional 2,696 shares during the period. Finally, Next Level Private LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 19.1% during the second quarter. Next Level Private LLC now owns 67,911 shares of the company’s stock worth $10,970,000 after buying an additional 10,885 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.7%

Shares of NYSEARCA:SPMO opened at $148.70 on Tuesday. The company has a market capitalization of $21.78 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The business’s fifty day simple moving average is $150.86 and its 200-day simple moving average is $134.39.

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.