Investment Insight Wealth Management LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Investment Insight Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,278 shares of the company’s stock, valued at approximately $630,000. Invesco S&P 500 Momentum ETF makes up 0.6% of Investment Insight Wealth Management LLC’s holdings, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPMO. Dynamic Advisor Solutions LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after buying an additional 57,149 shares during the last quarter. IFP Advisors Inc raised its stake in Invesco S&P 500 Momentum ETF by 98.0% during the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after buying an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after buying an additional 15,758 shares during the last quarter. Ascent Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 68.4% in the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock worth $30,145,000 after acquiring an additional 102,587 shares in the last quarter. Finally, Brookwood Investment Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 27.5% in the fourth quarter. Brookwood Investment Group LLC now owns 88,676 shares of the company’s stock worth $10,581,000 after acquiring an additional 19,103 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 2.8%

NYSEARCA SPMO opened at $159.90 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $106.57 and a 12 month high of $160.65. The stock has a market cap of $19.50 billion, a P/E ratio of 29.51 and a beta of 1.11. The stock’s fifty day moving average price is $141.01 and its 200-day moving average price is $126.43.

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.