NewEdge Advisors LLC Increases Position in Invesco S&P 500 Momentum ETF $SPMO

NewEdge Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 3.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,030 shares of the company’s stock after purchasing an additional 4,783 shares during the period. NewEdge Advisors LLC owned about 0.12% of Invesco S&P 500 Momentum ETF worth $15,811,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Capstone Wealth Management Group LLC grew its position 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 in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at approximately $18,900,000. Jane Street Group LLC lifted its stake in 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 during the last quarter. Invesco Ltd. lifted its stake in 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 during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 41.3% in the second quarter. Diversify Advisory Services LLC now owns 4,451 shares of the company’s stock worth $527,000 after purchasing an additional 1,300 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $149.69 on Friday. 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 fifty day moving average price of $150.93 and a two-hundred day moving average price of $134.07. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.