Sharkey Howes & Javer Grows Position in Invesco S&P 500 Momentum ETF $SPMO

Sharkey Howes & Javer raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 149.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,008 shares of the company’s stock after purchasing an additional 6,587 shares during the quarter. Sharkey Howes & Javer’s holdings in Invesco S&P 500 Momentum ETF were worth $1,333,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPMO. Castleview Partners LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 3.2% during the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after buying an additional 84 shares during the last quarter. Stephens Inc. AR boosted its holdings in Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock valued at $496,000 after acquiring an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC grew its position in Invesco S&P 500 Momentum ETF by 0.7% during the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after acquiring an additional 94 shares during the period. Fourth Dimension Wealth LLC increased its stake in Invesco S&P 500 Momentum ETF by 33.3% during the second quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Sutton Place Investors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.8% in the 2nd quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after purchasing an additional 109 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $119.53 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The stock has a market capitalization of $13.06 billion, a P/E ratio of 29.51 and a beta of 0.98. The stock has a 50-day simple moving average of $119.62 and a 200-day simple moving average of $116.66.

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.