Smith Shellnut Wilson LLC ADV Buys 4,252 Shares of Invesco S&P 500 Momentum ETF $SPMO

Smith Shellnut Wilson LLC ADV lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 109.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,138 shares of the company’s stock after purchasing an additional 4,252 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Invesco S&P 500 Momentum ETF were worth $915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after purchasing an additional 2,151,980 shares in the last quarter. LPL Financial LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after purchasing an additional 1,400,512 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its position in shares of Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares in the last quarter. CWM LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after purchasing an additional 1,144,827 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.4% in the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock worth $155,747,000 after purchasing an additional 440,005 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.1%

Shares of SPMO opened at $121.70 on Friday. The business’s 50 day moving average price is $120.04 and its 200-day moving average price is $111.76. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The stock has a market cap of $13.27 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.