Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Nova Wealth Management Inc.

Nova Wealth Management Inc. raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,498 shares of the company’s stock after acquiring an additional 6,042 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 3.3% of Nova Wealth Management Inc.’s portfolio, making the stock its 4th biggest position. Nova Wealth Management Inc. owned 0.06% of Invesco S&P 500 Momentum ETF worth $3,840,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 41.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after acquiring an additional 1,770,226 shares in the last quarter. LPL Financial LLC grew its position in Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after acquiring an additional 1,400,512 shares in the last quarter. Clark Capital Management Group Inc. grew its position in Invesco S&P 500 Momentum ETF by 35.4% in the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock valued at $155,747,000 after acquiring an additional 440,005 shares in the last quarter. CWM LLC grew its position in Invesco S&P 500 Momentum ETF by 201.9% in the 1st quarter. CWM LLC now owns 1,313,198 shares of the company’s stock valued at $121,510,000 after acquiring an additional 878,259 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in Invesco S&P 500 Momentum ETF by 1.9% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock valued at $114,771,000 after acquiring an additional 23,474 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $120.13 on Friday. The company has a market cap of $11.41 billion, a P/E ratio of 29.51 and a beta of 0.89. The stock has a 50-day moving average of $115.51 and a two-hundred day moving average of $104.49. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $120.35.

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.