GeoWealth Management LLC Buys 43,442 Shares of Invesco S&P 500 Momentum ETF $SPMO

GeoWealth Management LLC grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 583.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 50,889 shares of the company’s stock after acquiring an additional 43,442 shares during the period. GeoWealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at approximately $26,000. WealthShield Partners LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 51.2% in 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 period. GHP Investment Advisors Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after purchasing an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $31,000. Finally, Rossby Financial LCC increased its stake in 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 acquiring an additional 214 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.9%

Shares of NYSEARCA SPMO opened at $120.50 on Friday. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The stock has a 50-day moving average price of $119.83 and a two-hundred day moving average price of $115.44. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56.

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.