Triad Wealth Partners LLC Acquires 8,503 Shares of Invesco S&P 500 Momentum ETF $SPMO

Triad Wealth Partners LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 22.3% during the second quarter, HoldingsChannel.com reports. The fund owned 46,710 shares of the company’s stock after purchasing an additional 8,503 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.1% of Triad Wealth Partners LLC’s holdings, making the stock its 26th biggest holding. Triad Wealth Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 41.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after acquiring an additional 1,770,226 shares during the last quarter. LPL Financial LLC grew its position in Invesco S&P 500 Momentum ETF by 64.3% in the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after acquiring an additional 1,400,512 shares during the last quarter. Clark Capital Management Group Inc. grew its position in Invesco S&P 500 Momentum ETF by 35.4% in the first quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock valued at $155,747,000 after acquiring an additional 440,005 shares during the last quarter. CWM LLC grew its position in Invesco S&P 500 Momentum ETF by 201.9% in the first quarter. CWM LLC now owns 1,313,198 shares of the company’s stock valued at $121,510,000 after acquiring an additional 878,259 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in Invesco S&P 500 Momentum ETF by 1.9% in the first quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock valued at $114,771,000 after acquiring an additional 23,474 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.2%

Invesco S&P 500 Momentum ETF stock opened at $120.78 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $122.30. The business’s 50-day moving average price is $117.93 and its two-hundred day moving average price is $107.12. The stock has a market cap of $11.48 billion, a PE ratio of 29.51 and a beta of 0.89.

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.