Newport Capital Group LLC Purchases 29,565 Shares of Invesco S&P 500 Momentum ETF $SPMO

Newport Capital Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,565 shares of the company’s stock, valued at approximately $4,400,000. Invesco S&P 500 Momentum ETF comprises approximately 3.0% of Newport Capital Group LLC’s holdings, making the stock its 11th largest position.

Several other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after purchasing an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV raised its stake in Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after purchasing an additional 138,915 shares in the last quarter. Redwood Investment Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 5.3% during the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares in the last quarter. Private Advisor Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after purchasing an additional 35,630 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 3.3% during the first quarter. Sanctuary Advisors LLC now owns 288,988 shares of the company’s stock valued at $32,398,000 after purchasing an additional 9,187 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO traded down $3.29 on Friday, reaching $140.89. The company’s stock had a trading volume of 2,137,663 shares, compared to its average volume of 1,948,476. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The company has a market cap of $21.74 billion, a P/E ratio of 29.51 and a beta of 1.10. The company has a 50-day simple moving average of $149.27 and a 200 day simple moving average of $144.95.

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.