Cypress Wealth Services LLC Acquires 18,456 Shares of Invesco S&P 500 Momentum ETF $SPMO

Cypress Wealth Services LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 74.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,100 shares of the company’s stock after acquiring an additional 18,456 shares during the quarter. Cypress Wealth Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capstone Wealth Management Group LLC increased its holdings 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 acquiring an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter valued at $18,900,000. Jane Street Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after purchasing an additional 31,344 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 83.1% in the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock valued at $1,446,000 after purchasing an additional 5,834 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 53.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 812,704 shares of the company’s stock valued at $91,405,000 after purchasing an additional 281,601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $110.31 on Friday. The company’s 50-day moving average is $118.15 and its 200-day moving average is $119.38. The firm has a market capitalization of $12.52 billion, a PE 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.

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.