J.W. Cole Advisors Inc. Boosts Stock Position in Invesco S&P 500 Momentum ETF $SPMO

J.W. Cole Advisors Inc. grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 40.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,477 shares of the company’s stock after buying an additional 5,893 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Capstone Wealth Management Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth approximately $18,900,000. Jane Street Group LLC increased 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 in the last quarter. Invesco Ltd. increased its position 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 worth $8,559,000 after purchasing an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position 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 worth $5,595,000 after purchasing an additional 5,209 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $144.28 on Monday. Invesco S&P 500 Momentum ETF has a one year low of $105.74 and a one year high of $155.74. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The stock has a 50 day moving average price of $133.97 and a 200 day moving average price of $124.21.

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.