31,588 Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,018 shares of the company’s stock after buying an additional 31,588 shares during the period. Invesco S&P 500 Momentum ETF accounts for 3.8% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its biggest holding. Insight Wealth Strategies LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $37,443,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SPMO. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $36,990,000. Avidian Wealth Enterprises LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $21,619,000. Planning Alternatives Ltd. ADV increased its position in shares of Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after acquiring an additional 138,915 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 928.3% during the second quarter. Ameritas Advisory Services LLC now owns 150,022 shares of the company’s stock valued at $24,235,000 after acquiring an additional 135,432 shares during the last quarter. Finally, Financial Enhancement Group LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth $19,633,000.

Invesco S&P 500 Momentum ETF Stock Up 0.2%

SPMO stock traded up $0.37 during midday trading on Friday, hitting $151.21. The company’s stock had a trading volume of 804,294 shares, compared to its average volume of 1,941,576. The stock’s 50-day moving average price is $149.48 and its 200 day moving average price is $143.77. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.