Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,755 shares of the company’s stock after purchasing an additional 7,317 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 1.7% of Horst & Graben Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Horst & Graben Wealth Management LLC owned approximately 0.09% of Invesco S&P 500 Momentum ETF worth $12,193,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC raised its stake in Invesco S&P 500 Momentum ETF by 116.7% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after acquiring an additional 57,149 shares in the last quarter. IFP Advisors Inc boosted its stake in Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after acquiring an additional 5,361 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after purchasing an additional 15,758 shares during the last quarter. Able Wealth Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 13.0% during the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after purchasing an additional 13,883 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1,035.6% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock worth $2,344,000 after purchasing an additional 17,916 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $149.42 on Wednesday. The company has a market capitalization of $21.02 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The stock has a 50-day simple moving average of $148.58 and a 200-day simple moving average of $129.71.

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.