Waverly Advisors LLC Grows Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Waverly Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,500 shares of the company’s stock after purchasing an additional 7,658 shares during the quarter. Waverly Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPMO. Able Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 13.0% in the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after purchasing an additional 13,883 shares during the last quarter. Brookwood Investment Group LLC grew its position in Invesco S&P 500 Momentum ETF by 27.5% during the 4th quarter. Brookwood Investment Group LLC now owns 88,676 shares of the company’s stock valued at $10,581,000 after purchasing an additional 19,103 shares during the last quarter. Petra Financial Advisors Inc. grew its position in Invesco S&P 500 Momentum ETF by 44.1% during the 4th quarter. Petra Financial Advisors Inc. now owns 18,251 shares of the company’s stock valued at $2,178,000 after purchasing an additional 5,587 shares during the last quarter. Ascent Group LLC increased its stake in Invesco S&P 500 Momentum ETF by 68.4% during the 4th quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock valued at $30,145,000 after purchasing an additional 102,587 shares in the last quarter. Finally, Strategic Blueprint LLC increased its stake in Invesco S&P 500 Momentum ETF by 111.1% during the 4th quarter. Strategic Blueprint LLC now owns 18,487 shares of the company’s stock valued at $2,206,000 after purchasing an additional 9,729 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $140.95 on Wednesday. The stock has a market capitalization of $20.42 billion, a PE ratio of 29.51 and a beta of 1.09. 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 50-day simple moving average of $151.11 and a two-hundred day simple moving average of $132.68.

Invesco S&P 500 Momentum ETF 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.