Hobbs Wealth Management LLC Purchases 13,630 Shares of Invesco S&P 500 Momentum ETF $SPMO

Hobbs Wealth Management LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 53.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,982 shares of the company’s stock after acquiring an additional 13,630 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 4.5% of Hobbs Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Hobbs Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,651,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 468.7% in the third quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock valued at $897,000 after buying an additional 6,107 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after buying an additional 57,149 shares during the period. IFP Advisors Inc lifted its stake in Invesco S&P 500 Momentum ETF by 98.0% in 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 period. Benjamin Edwards Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $1,654,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Invesco S&P 500 Momentum ETF by 7,363.6% in 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 period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $131.52 on Friday. Invesco S&P 500 Momentum ETF has a 52-week low of $91.93 and a 52-week high of $131.84. The business’s 50 day moving average price is $119.36 and its two-hundred day moving average price is $119.55. The firm has a market cap of $15.70 billion, a PE ratio of 29.51 and a beta of 1.02.

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.