WMG Financial Advisors LLC Buys 11,729 Shares of Invesco S&P 500 Momentum ETF $SPMO

WMG Financial Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 266.8% during the third quarter, Holdings Channel reports. The fund owned 16,125 shares of the company’s stock after acquiring an additional 11,729 shares during the period. WMG Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,952,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Castleview Partners LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after purchasing an additional 84 shares in the last quarter. Stephens Inc. AR lifted its position in Invesco S&P 500 Momentum ETF by 2.1% in the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after buying an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC boosted its stake in Invesco S&P 500 Momentum ETF by 0.7% in the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock worth $1,614,000 after buying an additional 94 shares in the last quarter. Fourth Dimension Wealth LLC boosted its stake in 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 buying an additional 100 shares in the last quarter. Finally, Sutton Place Investors LLC grew its position in Invesco S&P 500 Momentum ETF by 1.8% during the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock valued at $677,000 after acquiring an additional 109 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $121.05 on Wednesday. The company has a market capitalization of $13.69 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The company’s 50 day moving average price is $119.48 and its two-hundred day moving average price is $117.88.

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.