Capstone Wealth Management Group LLC Has $6.48 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Capstone Wealth Management Group LLC lessened its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 59.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,831 shares of the company’s stock after selling 85,114 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 2.7% of Capstone Wealth Management Group LLC’s holdings, making the stock its 13th biggest holding. Capstone Wealth Management Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,483,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPMO. LPL Financial LLC boosted its stake in Invesco S&P 500 Momentum ETF by 2.8% in the fourth quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after acquiring an additional 182,485 shares during the last quarter. CWM LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after purchasing an additional 374,417 shares during the period. Morgan Stanley boosted its position in shares of Invesco S&P 500 Momentum ETF by 8.1% in the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after purchasing an additional 199,934 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 28.7% in the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after purchasing an additional 385,146 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.3%

Shares of Invesco S&P 500 Momentum ETF stock opened at $149.42 on Wednesday. The business has a fifty day simple moving average of $148.58 and a 200 day simple moving average of $129.71. The stock has a market cap of $21.02 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

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.