Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Evolution Wealth Management Inc.

Evolution Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 70.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,662 shares of the company’s stock after purchasing an additional 5,252 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 1.3% of Evolution Wealth Management Inc.’s holdings, making the stock its 17th biggest holding. Evolution Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. TAGStone Capital Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 63.4% in the fourth quarter. TAGStone Capital Inc. now owns 4,215 shares of the company’s stock valued at $503,000 after acquiring an additional 1,636 shares in the last quarter. Sarver Vrooman Wealth Advisors raised its holdings in Invesco S&P 500 Momentum ETF by 163.8% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 3,208 shares of the company’s stock valued at $383,000 after acquiring an additional 1,992 shares in the last quarter. Private Wealth Asset Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $374,000. BlackDiamond Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $1,329,000. Finally, Goldstein Advisors LLC raised its holdings in Invesco S&P 500 Momentum ETF by 92.2% in the fourth quarter. Goldstein Advisors LLC now owns 194,548 shares of the company’s stock valued at $23,213,000 after acquiring an additional 93,342 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.5%

Shares of NYSEARCA:SPMO opened at $155.09 on Thursday. The firm’s 50 day moving average price is $132.63 and its 200 day moving average price is $123.77. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a fifty-two week low of $105.30 and a fifty-two week high of $155.74.

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.