Invesco S&P 500 Momentum ETF $SPMO Shares Bought by United Advisor Group LLC

United Advisor Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 173.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,461 shares of the company’s stock after purchasing an additional 5,371 shares during the quarter. United Advisor Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Stephens Inc. AR boosted its stake in Invesco S&P 500 Momentum ETF by 2.1% in the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after buying an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 0.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after acquiring an additional 94 shares during the period. Fourth Dimension Wealth LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 33.3% in the second quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. WealthShield Partners LLC grew its holdings in Invesco S&P 500 Momentum ETF by 51.2% in the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares during the period. Finally, Sutton Place Investors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 1.8% in the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock valued at $677,000 after purchasing an additional 109 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

NYSEARCA:SPMO opened at $115.84 on Wednesday. The company has a market cap of $12.66 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm’s 50 day moving average is $120.51 and its two-hundred day moving average is $114.19.

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.