Kingswood Wealth Advisors LLC Raises Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Kingswood Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 91.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,545 shares of the company’s stock after acquiring an additional 13,151 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Fourth Dimension Wealth LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at approximately $28,000. WealthShield Partners LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 51.2% during the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $40,000. Continuum Advisory LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 41.2% during the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after buying an additional 154 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 1,859.3% in the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after buying an additional 502 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $120.41 on Tuesday. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The company has a fifty day moving average of $118.13 and a 200 day moving average of $107.67. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $122.30.

Invesco S&P 500 Momentum ETF 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.