WMG Financial Advisors LLC Raises Position in Invesco S&P 500 Momentum ETF $SPMO

WMG Financial Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 154.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,973 shares of the company’s stock after acquiring an additional 24,868 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 1.9% of WMG Financial Advisors LLC’s holdings, making the stock its 12th largest position. WMG Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Miller Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 39.1% in the 1st quarter. Brown Miller Wealth Management LLC now owns 15,199 shares of the company’s stock worth $1,704,000 after acquiring an additional 4,270 shares in the last quarter. Catalina Capital Group LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 6.4% during the first quarter. Catalina Capital Group LLC now owns 6,307 shares of the company’s stock valued at $707,000 after purchasing an additional 380 shares in the last quarter. Oregon Pacific Wealth Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 12.3% during the first quarter. Oregon Pacific Wealth Management LLC now owns 2,953 shares of the company’s stock valued at $331,000 after purchasing an additional 324 shares in the last quarter. Next Level Private LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $6,393,000. Finally, Networth Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $48,000.

Invesco S&P 500 Momentum ETF Trading Up 2.8%

SPMO opened at $158.53 on Tuesday. The stock has a fifty day simple moving average of $145.61 and a two-hundred day simple moving average of $128.27. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30.

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.