Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Next Level Private LLC

Next Level Private LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.1% in the second quarter, HoldingsChannel reports. The firm owned 67,911 shares of the company’s stock after acquiring an additional 10,885 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 2.1% of Next Level Private LLC’s investment portfolio, making the stock its 13th biggest position. Next Level Private LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $10,970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPMO. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $33,000. Blue Trust Inc. raised its position in Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $44,000. Networth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $48,000. Finally, Wellington Grp LLC grew its position in shares of 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 worth $51,000 after buying an additional 139 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $149.69 on Monday. The business has a 50-day simple moving average of $150.93 and a 200-day simple moving average of $134.17. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The company has a market cap of $21.92 billion, a PE ratio of 29.51 and a beta of 1.10.

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.