Perigon Wealth Management LLC Increases Holdings in Invesco S&P 500 Momentum ETF $SPMO

Perigon Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 63.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,674 shares of the company’s stock after acquiring an additional 67,346 shares during the quarter. Perigon Wealth Management LLC owned approximately 0.15% of Invesco S&P 500 Momentum ETF worth $20,723,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Evolution Wealth Management Inc. increased its stake in Invesco S&P 500 Momentum ETF by 468.7% in the third quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock valued at $897,000 after purchasing an additional 6,107 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Invesco S&P 500 Momentum ETF by 116.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after purchasing an additional 57,149 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $1,654,000. IFP Advisors Inc lifted its position in shares of Invesco S&P 500 Momentum ETF by 98.0% during the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after buying an additional 5,361 shares during the last quarter. Finally, Altus Wealth Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.7% in the 3rd quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock valued at $16,675,000 after buying an additional 6,229 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $114.74 on Friday. The firm’s fifty day moving average price is $117.69 and its 200 day moving average price is $119.17. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 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.