Trademark Financial Management LLC Raises Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Trademark Financial Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 991.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,772 shares of the company’s stock after buying an additional 31,585 shares during the period. Invesco S&P 500 Momentum ETF accounts for 2.4% of Trademark Financial Management LLC’s portfolio, making the stock its 12th biggest holding. Trademark Financial Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPMO. Schroder Investment Management Group bought a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $31,000. GHP Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $31,000. Finally, Rossby Financial LCC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 237.8% during the 2nd quarter. Rossby Financial LCC now owns 304 shares of the company’s stock valued at $34,000 after buying an additional 214 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $121.38 on Monday. The stock has a fifty day simple moving average of $119.66 and a two-hundred day simple moving average of $117.24. The firm has a market capitalization of $13.26 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

About Invesco S&P 500 Momentum ETF

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.