Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Lunt Capital Management Inc.

Lunt Capital Management Inc. raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 101.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,504 shares of the company’s stock after acquiring an additional 10,851 shares during the period. Invesco S&P 500 Momentum ETF makes up 1.0% of Lunt Capital Management Inc.’s portfolio, making the stock its 29th biggest position. Lunt Capital Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $27,000. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $26,000. Blue Trust Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $31,000. GHP Investment Advisors Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 99.2% in the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the period. Finally, Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $33,000.

Invesco S&P 500 Momentum ETF Stock Up 0.9%

SPMO opened at $120.26 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The company has a 50 day moving average of $119.49 and a two-hundred day moving average of $119.44. The company has a market cap of $13.65 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.