Hengehold Capital Management LLC Purchases New Position in Invesco S&P 500 Momentum ETF $SPMO

Hengehold Capital Management LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,867 shares of the company’s stock, valued at approximately $1,558,000.

Other hedge funds also recently bought and sold shares of the company. Capstone Wealth Management Group LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares during the period. Kestra Advisory Services LLC raised its position in Invesco S&P 500 Momentum ETF by 21.4% during the first quarter. Kestra Advisory Services LLC now owns 16,274 shares of the company’s stock worth $1,506,000 after acquiring an additional 2,868 shares during the period. BNP Paribas Financial Markets acquired a new position in Invesco S&P 500 Momentum ETF during the first quarter worth $40,743,000. Baird Financial Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at $416,000. Finally, Royal Bank of Canada grew its position in shares of Invesco S&P 500 Momentum ETF by 267.7% in the first quarter. Royal Bank of Canada now owns 236,431 shares of the company’s stock valued at $21,877,000 after purchasing an additional 172,127 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.1%

SPMO opened at $121.38 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The company has a 50-day moving average price of $119.66 and a 200 day moving average price of $117.17. The company has a market cap of $13.26 billion, a PE ratio of 29.51 and a beta of 0.98.

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.