Financial Enhancement Group LLC Purchases 8,369 Shares of Invesco S&P 500 Momentum ETF $SPMO

Financial Enhancement Group LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,039 shares of the company’s stock after acquiring an additional 8,369 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 2.0% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 15th largest position. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $15,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after acquiring an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $18,900,000. Jane Street Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares during the last quarter. Invesco Ltd. raised its position in shares of Invesco S&P 500 Momentum ETF by 43.9% during the second 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 last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the second 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 last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.0%

SPMO stock opened at $124.59 on Tuesday. The company has a market cap of $14.29 billion, a P/E ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a twelve month low of $84.86 and a twelve month high of $124.61. The business has a fifty day moving average of $117.74 and a 200-day moving average of $119.07.

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.