Lionsbridge Wealth Management LLC Invests $988,000 in Invesco S&P 500 Momentum ETF $SPMO

Lionsbridge Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,116 shares of the company’s stock, valued at approximately $988,000.

Several other institutional investors also recently bought and sold shares of SPMO. Blue Trust Inc. raised its stake in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at $48,000. Wellington Grp LLC boosted its position in Invesco S&P 500 Momentum ETF by 43.6% during the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after acquiring an additional 139 shares in the last quarter. Finally, Team Financial Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 58.4% during the 1st quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after acquiring an additional 173 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 1.1%

Shares of NYSEARCA:SPMO opened at $145.54 on Wednesday. The company has a market capitalization of $21.31 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The business’s fifty day simple moving average is $149.54 and its 200-day simple moving average is $137.77.

About Invesco S&P 500 Momentum ETF

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.