Lunt Capital Management Inc. Buys Shares of 10,653 Invesco S&P 500 Momentum ETF $SPMO

Lunt Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,653 shares of the company’s stock, valued at approximately $1,198,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth approximately $28,000. WealthShield Partners LLC boosted its stake in 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 in the last quarter. ORG Wealth Partners LLC bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth about $40,000. Continuum Advisory LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 41.2% during the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 1,859.3% in the 1st quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after purchasing an additional 502 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $120.55 on Wednesday. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.53. The company has a 50 day moving average price of $118.83 and a 200 day moving average price of $108.64.

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.