Modern Wealth Management LLC Acquires 17,208 Shares of Invesco S&P 500 Momentum ETF $SPMO

Modern Wealth Management LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 145,804 shares of the company’s stock after acquiring an additional 17,208 shares during the period. Modern Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $16,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $18,900,000. Jane Street Group LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares during the last quarter. Invesco Ltd. increased its position in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC increased its position in Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after acquiring an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $149.83 on Friday. The stock has a market cap of $21.72 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The company has a fifty day moving average price of $150.97 and a 200 day moving average price of $132.19.

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.