Evolution Wealth Management Inc. Grows Holdings in Invesco S&P 500 Momentum ETF $SPMO

Evolution Wealth Management Inc. increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOFree Report) by 90.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,169 shares of the company’s stock after buying an additional 11,507 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 2.0% of Evolution Wealth Management Inc.’s investment portfolio, making the stock its 10th largest position. Evolution Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,710,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at $44,000. MAI Capital Management acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $50,000. Finally, Networth Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $48,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $150.83 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The stock has a market cap of $21.10 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The company’s fifty day moving average is $147.74 and its 200 day moving average is $129.17.

Invesco S&P 500 Momentum ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

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