Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Financial Enhancement Group LLC

Financial Enhancement Group LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,814 shares of the company’s stock after buying an additional 9,775 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 1.9% of Financial Enhancement Group LLC’s portfolio, making the stock its 15th largest holding. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $15,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at approximately $44,000. Finally, MAI Capital Management acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $50,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $153.79 on Thursday. The company has a market capitalization of $18.75 billion, a PE ratio of 29.51 and a beta of 1.11. The company’s fifty day moving average price is $143.76 and its 200 day moving average price is $127.50. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.

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.