Strait & Sound Wealth Management LLC Grows Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Strait & Sound Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 160.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,412 shares of the company’s stock after purchasing an additional 5,177 shares during the quarter. Strait & Sound Wealth Management LLC owned 0.05% of Invesco S&P 500 Momentum ETF worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brophy Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $255,000. Continuum Advisory LLC raised its position in Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after purchasing an additional 216 shares during the period. EWA LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $5,113,000. Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $76,000. Finally, World Investment Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 1,416.7% in the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after purchasing an additional 281,038 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $97.09 on Tuesday. The company has a market cap of $1.56 billion, a P/E ratio of 20.66 and a beta of 1.00. The business’s 50 day moving average price is $94.30 and its 200-day moving average price is $89.50. Invesco S&P 500 Momentum ETF has a fifty-two week low of $62.27 and a fifty-two week high of $98.76.

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.