SteelPeak Wealth LLC Raises Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

SteelPeak Wealth LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 26.6% in the first quarter, Holdings Channel.com reports. The fund owned 37,127 shares of the company’s stock after buying an additional 7,805 shares during the quarter. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPMO. Capstone Wealth Management Group LLC grew its position in Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $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 lifted 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 purchasing an additional 31,344 shares during the last quarter. Invesco Ltd. boosted its stake 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 valued at $8,559,000 after purchasing an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC boosted its stake 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 valued at $5,595,000 after purchasing an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 3.1%

NYSEARCA SPMO opened at $145.28 on Friday. The stock has a market cap of $20.80 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The company’s 50-day moving average price is $150.77 and its 200-day moving average price is $131.21.

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.