Invesco S&P 500 Momentum ETF $SPMO Position Increased by Centerpoint Advisory Group

Centerpoint Advisory Group grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 40.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,194 shares of the company’s stock after acquiring an additional 16,139 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 5.3% of Centerpoint Advisory Group’s investment portfolio, making the stock its 2nd largest position. Centerpoint Advisory Group owned about 0.05% of Invesco S&P 500 Momentum ETF worth $6,803,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPMO. Bryn Mawr Trust Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $218,000. Cornerstone Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 208.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 39,717 shares of the company’s stock valued at $4,808,000 after buying an additional 26,829 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 21.8% during the 3rd quarter. Golden State Wealth Management LLC now owns 38,765 shares of the company’s stock worth $4,693,000 after acquiring an additional 6,929 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 1,583.6% in the third quarter. Foundations Investment Advisors LLC now owns 37,343 shares of the company’s stock worth $4,521,000 after acquiring an additional 35,125 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in Invesco S&P 500 Momentum ETF by 4.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 5,027 shares of the company’s stock worth $609,000 after acquiring an additional 218 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

SPMO opened at $119.87 on Friday. The business’s fifty day simple moving average is $119.62 and its 200 day simple moving average is $118.77. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The stock has a market cap of $13.63 billion, a PE ratio of 29.51 and a beta of 0.98.

About Invesco S&P 500 Momentum ETF

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.