Invesco S&P 500 Momentum ETF $SPMO Shares Newly Bought by Financial Enhancement Group LLC

Financial Enhancement Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 128,321 shares of the company’s stock, valued at approximately $19,633,000. Invesco S&P 500 Momentum ETF comprises about 2.3% of Financial Enhancement Group LLC’s portfolio, making the stock its 13th largest position.

A number of other institutional investors have also bought and sold shares of SPMO. Farther Finance Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 92.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 77,066 shares of the company’s stock worth $11,682,000 after purchasing an additional 36,920 shares during the last quarter. CoreCap Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 4.6% during the third quarter. CoreCap Advisors LLC now owns 43,236 shares of the company’s stock worth $6,554,000 after buying an additional 1,914 shares in the last quarter. Titleist Asset Management LLC boosted its stake in Invesco S&P 500 Momentum ETF by 51.9% during the third quarter. Titleist Asset Management LLC now owns 4,129 shares of the company’s stock worth $626,000 after buying an additional 1,410 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $21,619,000. Finally, Valeo Financial Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 5.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,620 shares of the company’s stock valued at $1,003,000 after buying an additional 362 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO traded down $2.16 during trading on Thursday, hitting $150.84. 1,876,422 shares of the company were exchanged, compared to its average volume of 1,947,692. The company has a fifty day moving average price of $149.33 and a 200-day moving average price of $143.51. The firm has a market capitalization of $23.04 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.

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.