Invesco S&P 500 Momentum ETF $SPMO Shares Newly Acquired by Newport Capital Group LLC

Newport Capital Group LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,565 shares of the company’s stock, valued at approximately $4,400,000. Invesco S&P 500 Momentum ETF accounts for approximately 3.0% of Newport Capital Group LLC’s holdings, making the stock its 11th biggest holding.

Several other institutional investors have also recently made changes to their positions in SPMO. NFSG Corp grew its stake in shares of Invesco S&P 500 Momentum ETF by 167,000.0% during the 3rd quarter. NFSG Corp now owns 1,671 shares of the company’s stock valued at $253,000 after acquiring an additional 1,670 shares during the period. AdvisorNet Financial Inc grew its position in shares of Invesco S&P 500 Momentum ETF by 11.6% during the third quarter. AdvisorNet Financial Inc now owns 13,544 shares of the company’s stock worth $1,966,000 after purchasing an additional 1,409 shares in the last quarter. Winnacle Wealth LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $1,219,000. Mather Group LLC. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $596,000. Finally, Godsey & Gibb Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $119,000.

Invesco S&P 500 Momentum ETF Trading Down 2.3%

SPMO traded down $3.29 on Friday, hitting $140.89. 2,137,663 shares of the company’s stock traded hands, compared to its average volume of 1,948,476. The company’s 50 day simple moving average is $149.27 and its 200-day simple moving average is $144.95. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The firm has a market cap of $21.74 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.