Triton Wealth Management PLLC Has $28.69 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Triton Wealth Management PLLC grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 241,617 shares of the company’s stock after purchasing an additional 28,659 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 10.9% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 2nd largest position. Triton Wealth Management PLLC owned approximately 0.21% of Invesco S&P 500 Momentum ETF worth $28,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $18,900,000. Jane Street Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. grew its position in shares of Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after buying an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after buying an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.8%

Shares of SPMO stock opened at $147.52 on Friday. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52 week low of $101.80 and a 52 week high of $147.87. The firm has a 50 day moving average of $124.19 and a 200-day moving average of $121.13.

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.