Redwood Investment Management LLC Acquires 33,157 Shares of Invesco S&P 500 Momentum ETF $SPMO

Redwood Investment Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 656,268 shares of the company’s stock after buying an additional 33,157 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 9.1% of Redwood Investment Management LLC’s portfolio, making the stock its 2nd largest holding. Redwood Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $73,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPMO. SG Americas Securities LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.0% in the 1st quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock valued at $131,000 after acquiring an additional 87 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 worth $40,000 after purchasing an additional 93 shares during the last quarter. Fourth Dimension Wealth LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 20.0% during the fourth quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock worth $72,000 after purchasing an additional 100 shares during the last quarter. Peregrine Asset Advisers Inc. lifted its position in Invesco S&P 500 Momentum ETF by 3.1% during the first quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after purchasing an additional 100 shares during the period. Finally, Triumph Capital Management lifted its position in Invesco S&P 500 Momentum ETF by 19.0% during the fourth quarter. Triumph Capital Management now owns 671 shares of the company’s stock valued at $80,000 after purchasing an additional 107 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $143.83 on Monday. The firm’s fifty day moving average is $150.92 and its two-hundred day moving average is $133.13. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30.

Invesco S&P 500 Momentum ETF Company 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.