Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,690 shares of the company’s stock after purchasing an additional 5,616 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.6% of Physician Wealth Advisors Inc.’s holdings, making the stock its 15th biggest position. Physician Wealth Advisors Inc. owned 0.09% of Invesco S&P 500 Momentum ETF worth $11,737,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SPMO. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $33,000. Blue Trust Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $44,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $50,000. Finally, Networth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $48,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $155.32 on Thursday. The firm has a 50 day simple moving average of $146.83 and a 200 day simple moving average of $128.79. 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 $21.72 billion, a PE ratio of 29.51 and a beta of 1.09.

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.