Lifestyle Asset Management Inc. Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Lifestyle Asset Management Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 91,770 shares of the company’s stock, valued at approximately $11,110,000. Invesco S&P 500 Momentum ETF accounts for approximately 3.8% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of SPMO. Schroder Investment Management Group purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $26,000. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Momentum ETF by 99.2% during the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Invesco S&P 500 Momentum ETF during the second quarter valued at about $31,000. Rossby Financial LCC increased its holdings in Invesco S&P 500 Momentum ETF by 237.8% during the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after buying an additional 214 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its position in Invesco S&P 500 Momentum ETF by 342.5% in the second quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after acquiring an additional 274 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 1.6%

Invesco S&P 500 Momentum ETF stock opened at $119.53 on Friday. The company has a market capitalization of $13.06 billion, a P/E ratio of 29.51 and a beta of 0.98. The firm has a 50 day moving average price of $119.62 and a 200-day moving average price of $116.60. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56.

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.