SteelPeak Wealth LLC Acquires 12,549 Shares of Invesco S&P 500 Momentum ETF $SPMO

SteelPeak Wealth LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 107.2% during the third quarter, HoldingsChannel reports. The firm owned 24,255 shares of the company’s stock after acquiring an additional 12,549 shares during the quarter. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Castleview Partners LLC lifted its position 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 raised its stake in Invesco S&P 500 Momentum ETF by 2.1% during the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after acquiring an additional 89 shares in the last quarter. Strait & Sound Wealth Management LLC raised its stake 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 worth $1,614,000 after acquiring an additional 94 shares in the last quarter. Fourth Dimension Wealth LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 33.3% in 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 boosted its stake 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 valued at $677,000 after purchasing an additional 109 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.3%

Shares of Invesco S&P 500 Momentum ETF stock opened at $119.67 on Friday. The firm’s 50 day moving average is $119.58 and its 200 day moving average is $117.54. The firm has a market capitalization of $13.08 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56.

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.