Ethos Financial Group LLC Increases Position in Invesco S&P 500 Momentum ETF $SPMO

Ethos Financial Group LLC grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,005 shares of the company’s stock after purchasing an additional 20,630 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 1.6% of Ethos Financial Group LLC’s investment portfolio, making the stock its 11th largest position. Ethos Financial Group LLC owned approximately 0.16% of Invesco S&P 500 Momentum ETF worth $20,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capstone Wealth Management Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $416,000. Goldman Sachs Group Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $18,900,000. Ashton Thomas Private Wealth LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 50.2% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 20,514 shares of the company’s stock worth $1,898,000 after acquiring an additional 6,857 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $9,055,000.

Invesco S&P 500 Momentum ETF Stock Down 0.7%

SPMO stock opened at $120.19 on Thursday. The business has a 50 day moving average price of $119.40 and a 200 day moving average price of $117.90. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

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.