Kingsview Wealth Management LLC Purchases 13,911 Shares of Invesco S&P 500 Momentum ETF $SPMO

Kingsview Wealth Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 60.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 36,777 shares of the company’s stock after buying an additional 13,911 shares during the period. Kingsview Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SPMO. Smart Money Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 378.3% in the third quarter. Smart Money Group LLC now owns 9,308 shares of the company’s stock worth $1,127,000 after acquiring an additional 7,362 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $219,000. Arete Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 213.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,529 shares of the company’s stock worth $790,000 after purchasing an additional 4,449 shares in the last quarter. Brand Asset Management Group Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 11.5% in the 3rd quarter. Brand Asset Management Group Inc. now owns 4,506 shares of the company’s stock worth $545,000 after purchasing an additional 466 shares during the period. Finally, Argent Trust Co purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $1,614,000.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $119.22 on Wednesday. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The firm’s 50 day moving average price is $119.52 and its 200-day moving average price is $119.43. The stock has a market cap of $13.54 billion, a P/E ratio of 29.51 and a beta of 0.98.

About Invesco S&P 500 Momentum ETF

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.