Planning Alternatives Ltd. ADV Has $83.46 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Planning Alternatives Ltd. ADV raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 744,409 shares of the company’s stock after purchasing an additional 138,915 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 10.8% of Planning Alternatives Ltd. ADV’s investment portfolio, making the stock its 3rd biggest holding. Planning Alternatives Ltd. ADV’s holdings in Invesco S&P 500 Momentum ETF were worth $83,456,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at $18,900,000. Jane Street Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after acquiring an additional 31,344 shares in the last quarter. Invesco Ltd. boosted its position in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after acquiring an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $143.89 on Monday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The business has a fifty day moving average of $150.78 and a 200-day moving average of $131.37.

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.