Insight Wealth Strategies LLC Has $33.46 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Insight Wealth Strategies LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 215,430 shares of the company’s stock after purchasing an additional 27,392 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 3.2% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 2nd largest position. Insight Wealth Strategies LLC owned about 0.15% of Invesco S&P 500 Momentum ETF worth $33,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after acquiring an additional 182,485 shares during the last quarter. CWM LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 14.1% in the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Momentum ETF by 15.5% in the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after buying an additional 374,417 shares during the period. Morgan Stanley raised its holdings in Invesco S&P 500 Momentum ETF by 8.1% during the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after buying an additional 199,934 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in Invesco S&P 500 Momentum ETF by 28.7% during the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after buying an additional 385,146 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.1%

SPMO stock opened at $148.56 on Wednesday. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The firm’s 50-day moving average price is $150.74 and its two-hundred day moving average price is $134.61. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month 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.