StoneCrest Wealth Management Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 9.9% during the second quarter, HoldingsChannel.com reports. The firm owned 101,696 shares of the company’s stock after acquiring an additional 9,146 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 5.2% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding. StoneCrest Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $16,428,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth $33,000. Blue Trust Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the last quarter. Dogwood Wealth Management LLC acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $44,000. Networth Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at $48,000. Finally, Wellington Grp LLC grew its position in Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after acquiring an additional 139 shares during the period.
Invesco S&P 500 Momentum ETF Price Performance
Shares of NYSEARCA:SPMO opened at $149.69 on Monday. The business has a 50-day moving average of $150.93 and a two-hundred day moving average of $134.17. The firm has a market capitalization of $21.92 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month 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.
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