Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Stock Position Raised by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.9% during the third quarter, Holdings Channel reports. The firm owned 34,395 shares of the company’s stock after purchasing an additional 3,928 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 1.4% of WealthCare Investment Partners LLC’s portfolio, making the stock its 19th largest holding. WealthCare Investment Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPMO. Richardson Financial Services Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 26.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after purchasing an additional 200 shares during the period. Financial Partners Group Inc boosted its position in shares of Invesco S&P 500 Momentum ETF by 4.4% in the second quarter. Financial Partners Group Inc now owns 6,573 shares of the company’s stock worth $575,000 after buying an additional 279 shares during the period. Concourse Financial Group Securities Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after buying an additional 290 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at $34,000. Finally, ORG Partners LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $38,000.

Invesco S&P 500 Momentum ETF Trading Up 1.2 %

Shares of NYSEARCA SPMO opened at $92.14 on Wednesday. Invesco S&P 500 Momentum ETF has a one year low of $55.32 and a one year high of $92.22. The business has a 50-day moving average price of $87.78 and a two-hundred day moving average price of $84.60. The firm has a market capitalization of $1.48 billion, a PE ratio of 20.66 and a beta of 1.00.

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.