Manchester Financial Inc. Boosts Holdings in Invesco S&P 500 Momentum ETF $SPMO

Manchester Financial Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 28.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,341 shares of the company’s stock after purchasing an additional 20,849 shares during the period. Invesco S&P 500 Momentum ETF comprises 2.3% of Manchester Financial Inc.’s portfolio, making the stock its 15th largest position. Manchester Financial Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $11,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPMO. Castleview Partners LLC increased its stake in Invesco S&P 500 Momentum ETF by 3.2% during the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after buying an additional 84 shares during the period. Stephens Inc. AR grew its stake in shares of Invesco S&P 500 Momentum ETF by 2.1% during the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock valued at $496,000 after acquiring an additional 89 shares in the last quarter. Strait & Sound Wealth Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 0.7% during the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after acquiring an additional 94 shares during the last quarter. Fourth Dimension Wealth LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 33.3% in the second quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Sutton Place Investors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.8% in the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after acquiring an additional 109 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.6%

SPMO stock opened at $120.98 on Wednesday. The stock’s 50 day moving average is $119.61 and its two-hundred day moving average is $116.93. 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 market capitalization of $13.22 billion, a PE 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.