Endowment Wealth Management Inc. Boosts Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Endowment Wealth Management Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,331 shares of the company’s stock after buying an additional 1,268 shares during the period. Invesco S&P 500 Momentum ETF comprises 1.0% of Endowment Wealth Management Inc.’s portfolio, making the stock its 27th largest holding. Endowment Wealth Management Inc. owned 0.10% of Invesco S&P 500 Momentum ETF worth $1,480,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Richardson Financial Services Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 26.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after buying an additional 200 shares in the last quarter. Financial Partners Group Inc lifted its holdings in Invesco S&P 500 Momentum ETF by 4.4% during the second quarter. Financial Partners Group Inc now owns 6,573 shares of the company’s stock valued at $575,000 after purchasing an additional 279 shares in the last quarter. Concourse Financial Group Securities Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 103.9% in the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the period. ORG Partners LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the second quarter worth $38,000. Finally, Convergence Financial LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 1.1% during the 3rd quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock valued at $3,701,000 after purchasing an additional 451 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $96.57 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $60.97 and a fifty-two week high of $97.36. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The firm’s fifty day moving average is $91.43 and its 200 day moving average is $87.24.

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.