Capstone Wealth Management Group LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,612 shares of the company’s stock after acquiring an additional 1,861 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 1.5% of Capstone Wealth Management Group LLC’s holdings, making the stock its 18th biggest position. Capstone Wealth Management Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,593,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SPMO. Global Trust Asset Management LLC acquired a new position in Invesco S&P 500 Momentum ETF during the first quarter worth about $34,000. ORG Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $38,000. Concourse Financial Group Securities Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $60,000. Finally, Simplicity Wealth LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $213,000.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA SPMO opened at $93.21 on Wednesday. Invesco S&P 500 Momentum ETF has a 1 year low of $55.32 and a 1 year high of $94.38. The business’s fifty day moving average is $88.86 and its two-hundred day moving average is $85.06. The stock has a market capitalization of $1.50 billion, a P/E ratio of 20.66 and a beta of 1.00.
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.
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