Csenge Advisory Group Purchases 36,918 Shares of Invesco S&P 500 Momentum ETF $SPMO

Csenge Advisory Group grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 179.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,534 shares of the company’s stock after buying an additional 36,918 shares during the quarter. Csenge Advisory Group’s holdings in Invesco S&P 500 Momentum ETF were worth $8,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SPMO. Schuylkill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $1,513,000. Lunt Capital Management Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth about $3,224,000. First Heartland Consultants Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $7,060,000. Concorde Asset Management LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 12.2% during the second quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock worth $9,651,000 after purchasing an additional 6,473 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $129.64 on Wednesday. The firm has a 50 day simple moving average of $144.79 and a 200-day simple moving average of $138.20. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The firm has a market cap of $20.39 billion, a price-to-earnings ratio of 29.51 and a beta of 1.12.

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.