Smith Shellnut Wilson LLC ADV Makes New $1.92 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Smith Shellnut Wilson LLC ADV purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,692 shares of the company’s stock, valued at approximately $1,924,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Heartland Consultants Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $7,060,000. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after purchasing an additional 128,087 shares during the last quarter. Lunt Capital Management Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $3,224,000. Schuylkill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $1,513,000. Finally, Concorde Asset Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 12.2% in the 2nd quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock valued at $9,651,000 after purchasing an additional 6,473 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.8%

Shares of NYSEARCA SPMO opened at $143.15 on Thursday. The business has a 50-day moving average price of $148.84 and a 200 day moving average price of $145.81. The stock has a market cap of $22.07 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.

About Invesco S&P 500 Momentum ETF

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.