Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Altus Wealth Group LLC

Altus Wealth Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 137,743 shares of the company’s stock after acquiring an additional 6,229 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 6.8% of Altus Wealth Group LLC’s investment portfolio, making the stock its 3rd largest position. Altus Wealth Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $16,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Castleview Partners LLC increased its stake 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 acquiring an additional 84 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Invesco S&P 500 Momentum ETF by 2.1% during the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock valued at $496,000 after acquiring an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC grew its holdings in shares of 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 valued at $1,614,000 after purchasing an additional 94 shares during the period. Fourth Dimension Wealth LLC grew 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 valued at $45,000 after purchasing an additional 100 shares during the period. Finally, Sutton Place Investors LLC increased 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 worth $677,000 after purchasing an additional 109 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $119.67 on Friday. The company has a market capitalization of $13.08 billion, a PE ratio of 29.51 and a beta of 0.98. The firm’s 50-day moving average is $119.58 and its two-hundred day moving average is $117.54. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56.

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.