Schuylkill Financial LLC Invests $1.51 Million in Invesco S&P 500 Momentum ETF $SPMO

Schuylkill Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,364 shares of the company’s stock, valued at approximately $1,513,000. Invesco S&P 500 Momentum ETF makes up 1.4% of Schuylkill Financial LLC’s investment portfolio, making the stock its 17th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in Invesco S&P 500 Momentum ETF by 1,586.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after acquiring an additional 1,339,497 shares in the last quarter. Invst LLC lifted its stake in Invesco S&P 500 Momentum ETF by 8.9% in the 4th quarter. Invst LLC now owns 306,818 shares of the company’s stock worth $36,610,000 after purchasing an additional 25,006 shares in the last quarter. Synergy Investment Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 91.7% in the 4th quarter. Synergy Investment Management LLC now owns 39,483 shares of the company’s stock worth $4,711,000 after purchasing an additional 18,883 shares in the last quarter. Triton Wealth Management PLLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 13.5% during the 4th quarter. Triton Wealth Management PLLC now owns 241,617 shares of the company’s stock worth $28,694,000 after purchasing an additional 28,659 shares during the last quarter. Finally, Entelevest LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $2,287,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $149.72 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm has a market capitalization of $21.92 billion, a PE ratio of 29.51 and a beta of 1.10. The business has a 50 day simple moving average of $149.05 and a 200-day simple moving average of $138.25.

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.