Capital Investment Counsel LLC Buys New Shares in Invesco S&P 500 Momentum ETF $SPMO

Capital Investment Counsel LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,240 shares of the company’s stock, valued at approximately $4,993,000.

Several other hedge funds have also recently added to or reduced their stakes in SPMO. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $27,000. GHP Investment Advisors Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $31,000. Finally, Blue Trust Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $31,000.

Invesco S&P 500 Momentum ETF Trading Down 1.9%

NYSEARCA SPMO opened at $118.27 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The company has a market cap of $13.43 billion, a PE ratio of 29.51 and a beta of 0.98. The stock’s 50-day moving average price is $119.66 and its two-hundred day moving average price is $119.11.

About Invesco S&P 500 Momentum ETF

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.