SteelPeak Wealth LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 26.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 37,127 shares of the company’s stock after buying an additional 7,805 shares during the period. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,162,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. increased its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at $44,000. Networth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at $48,000. Finally, Team Financial Group LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 58.4% in the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after acquiring an additional 173 shares during the period.
Invesco S&P 500 Momentum ETF Trading Down 3.1%
Invesco S&P 500 Momentum ETF stock opened at $145.28 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The firm has a 50-day moving average price of $150.77 and a 200-day moving average price of $131.21. The firm has a market capitalization of $20.80 billion, a PE ratio of 29.51 and a beta of 1.09.
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.
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