Invesco S&P 500 Momentum ETF $SPMO is HBW Advisory Services LLC’s 3rd Largest Position

HBW Advisory Services LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,249 shares of the company’s stock after acquiring an additional 12,749 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 2.9% of HBW Advisory Services LLC’s portfolio, making the stock its 3rd biggest holding. HBW Advisory Services LLC owned about 0.20% of Invesco S&P 500 Momentum ETF worth $27,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $33,000. Blue Trust Inc. increased its stake in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter worth about $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter worth about $48,000. Finally, Team Financial Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 58.4% in the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after buying an additional 173 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $149.73 on Tuesday. The firm’s 50 day moving average price is $150.19 and its 200-day moving average price is $130.62. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The company has a market cap of $21.23 billion, a PE ratio of 29.51 and a beta of 1.09.

Invesco S&P 500 Momentum ETF Company 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.