StoneCrest Wealth Management Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 5.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 61,705 shares of the company’s stock after acquiring an additional 3,419 shares during the period. Invesco S&P 500 Momentum ETF accounts for 3.8% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 7th largest position. StoneCrest Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $5,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also bought and sold shares of SPMO. World Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after buying an additional 281,038 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $23,247,000. HBW Advisory Services LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $13,325,000. Cetera Investment Advisers raised its position in Invesco S&P 500 Momentum ETF by 61.6% in the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after purchasing an additional 143,810 shares during the last quarter. Finally, Fischer Investment Strategies LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter worth $11,215,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of SPMO stock opened at $97.57 on Friday. The stock’s fifty day moving average is $96.38 and its 200-day moving average is $91.63. Invesco S&P 500 Momentum ETF has a 52 week low of $66.01 and a 52 week high of $98.76. The stock has a market capitalization of $1.57 billion, a PE ratio of 20.66 and a beta of 1.00.
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.
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