Dynamic Advisor Solutions LLC Has $20.69 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Dynamic Advisor Solutions LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,073 shares of the company’s stock after purchasing an additional 13,908 shares during the quarter. Dynamic Advisor Solutions LLC owned about 0.09% of Invesco S&P 500 Momentum ETF worth $20,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPMO. Able Wealth Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 13.0% during the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after acquiring an additional 13,883 shares during the last quarter. Petra Financial Advisors Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 44.1% in the fourth 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. Brookwood Investment Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 27.5% in the fourth 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. Strategic Blueprint LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 111.1% during the fourth quarter. Strategic Blueprint LLC now owns 18,487 shares of the company’s stock worth $2,206,000 after purchasing an additional 9,729 shares during the period. Finally, Financial Enhancement Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 6.9% during the fourth quarter. Financial Enhancement Group LLC now owns 129,039 shares of the company’s stock worth $15,181,000 after purchasing an additional 8,369 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.6%

NYSEARCA:SPMO opened at $150.27 on Thursday. The stock has a market cap of $22.01 billion, a P/E ratio of 29.51 and a beta of 1.10. The stock has a 50 day simple moving average of $150.97 and a 200 day simple moving average of $133.75. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

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.