Bay Capital Advisors LLC Purchases Shares of 3,332 Invesco S&P 500 Momentum ETF $SPMO

Bay Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, Holdings Channel.com reports. The firm bought 3,332 shares of the company’s stock, valued at approximately $374,000.

Other hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 102.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 35,034 shares of the company’s stock worth $3,928,000 after acquiring an additional 17,709 shares during the period. Onyx Bridge Wealth Group LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 56.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 7,575 shares of the company’s stock valued at $849,000 after acquiring an additional 2,727 shares during the period. Merkkuri Wealth Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 4.0% during the first quarter. Merkkuri Wealth Advisors LLC now owns 9,580 shares of the company’s stock worth $1,074,000 after buying an additional 370 shares in the last quarter. Meridian Financial Advisors LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 34.8% during the 1st quarter. Meridian Financial Advisors LLC now owns 4,158 shares of the company’s stock worth $466,000 after acquiring an additional 1,073 shares in the last quarter. Finally, Maridea Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 13.2% in the 1st quarter. Maridea Wealth Management LLC now owns 1,997 shares of the company’s stock valued at $224,000 after purchasing an additional 233 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $154.20 on Monday. The business’s 50-day moving average price is $144.97 and its two-hundred day moving average price is $128.01. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The stock has a market cap of $18.80 billion, a PE ratio of 29.51 and a beta of 1.11.

Invesco S&P 500 Momentum ETF Company 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.