Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,569 shares of the company’s stock after buying an additional 5,667 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 3.7% of Endowment Wealth Management Inc.’s holdings, making the stock its 4th biggest position. Endowment Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $11,000,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SPMO. SG Americas Securities LLC lifted its position in Invesco S&P 500 Momentum ETF by 8.0% in the 1st quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock valued at $131,000 after acquiring an additional 87 shares in the last quarter. Eagle Strategies LLC boosted its stake in Invesco S&P 500 Momentum ETF by 6.4% during the 3rd quarter. Eagle Strategies LLC now owns 1,703 shares of the company’s stock valued at $258,000 after purchasing an additional 102 shares during the last quarter. City Center Advisors LLC boosted its stake in Invesco S&P 500 Momentum ETF by 8.2% during the 3rd quarter. City Center Advisors LLC now owns 1,357 shares of the company’s stock valued at $206,000 after purchasing an additional 103 shares during the last quarter. Denver PWM LLC boosted its stake in Invesco S&P 500 Momentum ETF by 0.6% during the 3rd quarter. Denver PWM LLC now owns 16,839 shares of the company’s stock valued at $2,552,000 after purchasing an additional 106 shares during the last quarter. Finally, Stewardship Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 8.3% during the 3rd quarter. Stewardship Advisors LLC now owns 1,639 shares of the company’s stock worth $248,000 after purchasing an additional 126 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $124.41 on Friday. The firm has a market capitalization of $19.55 billion, a P/E ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a 50 day moving average price of $145.48 and a two-hundred day moving average price of $138.08.

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.