Waverly Advisors LLC Boosts Stake in Invesco S&P 500 Momentum ETF $SPMO

Waverly Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,500 shares of the company’s stock after purchasing an additional 7,658 shares during the quarter. Waverly Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPMO. Capstone Wealth Management Group LLC raised its position in 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 buying 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 boosted its holdings in shares of 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 acquiring an additional 31,344 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after acquiring an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after acquiring an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.6%

Shares of SPMO stock opened at $140.95 on Wednesday. The company has a 50 day moving average price of $151.11 and a 200-day moving average price of $132.68. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The firm has a market capitalization of $20.42 billion, a PE ratio of 29.51 and a beta of 1.09.

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.