Leavell Investment Management Inc. Buys 5,156 Shares of Invesco S&P 500 Momentum ETF $SPMO

Leavell Investment Management Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 42.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,400 shares of the company’s stock after acquiring an additional 5,156 shares during the period. Leavell Investment Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPMO. WealthShield Partners LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 51.2% during the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Tradewinds Capital Management LLC increased its position in Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after buying an additional 274 shares during the period. Compass Financial Services Inc acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $71,000. Global Trust Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $87,000. Finally, NorthRock Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at about $73,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $121.71 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $122.63. The company has a market capitalization of $13.24 billion, a PE ratio of 29.51 and a beta of 0.89. The company’s 50-day simple moving average is $119.36 and its 200 day simple moving average is $110.49.

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.