Endowment Wealth Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 105.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,878 shares of the company’s stock after buying an additional 30,228 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 3.2% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 8th largest position. Endowment Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $7,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also bought and sold shares of SPMO. Cullen Frost Bankers Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $27,000. Dunhill Financial LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at $33,000. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at $44,000. Finally, MAI Capital Management acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter worth $50,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $144.94 on Tuesday. The firm has a market cap of $17.67 billion, a P/E ratio of 29.51 and a beta of 1.09. The business’s fifty day moving average is $127.61 and its two-hundred day moving average is $122.17. Invesco S&P 500 Momentum ETF has a 52 week low of $101.80 and a 52 week high of $147.87.
Invesco S&P 500 Momentum ETF 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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