StoneCrest Wealth Management Inc. Has $10.88 Million Position in Invesco S&P 500 Momentum ETF $SPMO

StoneCrest Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,204 shares of the company’s stock after purchasing an additional 6,476 shares during the period. Invesco S&P 500 Momentum ETF accounts for 4.4% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 4th biggest position. StoneCrest Wealth Management Inc. owned approximately 0.08% of Invesco S&P 500 Momentum ETF worth $10,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Castleview Partners LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 3.2% during the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after buying an additional 84 shares during the last quarter. Lantern Wealth Advisors LLC boosted its stake in Invesco S&P 500 Momentum ETF by 3.5% in the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock valued at $319,000 after acquiring an additional 88 shares during the period. Caliber Wealth Management LLC KS grew its holdings in shares of Invesco S&P 500 Momentum ETF by 4.9% during the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after purchasing an additional 90 shares during the last quarter. LexAurum Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 4.3% during the third quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after purchasing an additional 92 shares during the last quarter. Finally, GK Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 4.1% during the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after purchasing an additional 99 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.2%

Shares of NYSEARCA SPMO opened at $114.74 on Friday. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The stock’s 50 day simple moving average is $117.69 and its 200 day simple moving average is $119.17.

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.