775 Shares in Invesco S&P 500 Momentum ETF $SPMO Bought by Global Trust Asset Management LLC

Global Trust Asset Management LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 775 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPMO. Envestnet Asset Management Inc. grew its stake 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 worth $556,527,000 after purchasing an additional 1,770,226 shares during the period. LPL Financial LLC grew its stake 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 worth $331,187,000 after purchasing an additional 1,400,512 shares during the period. CWM LLC grew its stake 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 worth $121,510,000 after purchasing an additional 878,259 shares during the period. Alpine Bank Wealth Management bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $56,345,000. Finally, BNP Paribas Financial Markets bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $40,743,000.

Invesco S&P 500 Momentum ETF Trading Up 0.1%

Invesco S&P 500 Momentum ETF stock opened at $120.71 on Tuesday. The business’s fifty day simple moving average is $117.51 and its two-hundred day simple moving average is $106.74. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $122.30. The company has a market capitalization of $11.47 billion, a price-to-earnings 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.