Wealth Alliance LLC Grows Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Wealth Alliance LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 159.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,603 shares of the company’s stock after purchasing an additional 10,820 shares during the quarter. Wealth Alliance LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Capstone Wealth Management Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $18,900,000. Jane Street Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after acquiring an additional 31,344 shares during the last quarter. Invesco Ltd. grew its position in Invesco S&P 500 Momentum ETF by 43.9% in the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 11.7% in the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after acquiring an additional 5,209 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $146.51 on Friday. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The business’s 50 day moving average is $151.03 and its two-hundred day moving average is $132.29. The stock has a market capitalization of $21.24 billion, a P/E ratio of 29.51 and a beta of 1.09.

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.