Wealth Alliance LLC Purchases 10,820 Shares of Invesco S&P 500 Momentum ETF $SPMO

Wealth Alliance LLC grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 159.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,603 shares of the company’s stock after acquiring an additional 10,820 shares during the quarter. Wealth Alliance LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capstone Wealth Management Group LLC lifted its holdings in shares of 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 worth $10,747,000 after acquiring an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $18,900,000. Jane Street Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after purchasing an additional 31,344 shares during the last quarter. Invesco Ltd. raised its position in Invesco S&P 500 Momentum ETF by 43.9% in the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after purchasing an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 11.7% in the 2nd 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 during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $146.51 on Friday. The company has a market cap of $21.24 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm has a 50-day simple moving average of $151.03 and a two-hundred day simple moving average of $132.29.

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.