Tradewinds LLC. Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Tradewinds LLC. acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,480 shares of the company’s stock, valued at approximately $729,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its holdings in 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 worth $496,000 after buying an additional 89 shares in the last quarter. Strait & Sound Wealth Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 0.7% in the 2nd 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 in the last quarter. WealthShield Partners LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. Sutton Place Investors LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 1.8% in the 2nd 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. Finally, Firethorn Wealth Partners LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 1.2% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 9,556 shares of the company’s stock worth $1,075,000 after acquiring an additional 116 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $121.65 on Tuesday. 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 simple moving average of $120.15 and a two-hundred day simple moving average of $112.16. The company has a market capitalization of $13.27 billion, a price-to-earnings 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.