Diversify Wealth Management LLC Buys 9,448 Shares of Invesco S&P 500 Momentum ETF $SPMO

Diversify Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 401.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,804 shares of the company’s stock after purchasing an additional 9,448 shares during the period. Diversify Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valmark Advisers Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $355,000. Fifth Third Bancorp bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $432,000. Compass Financial Services Inc boosted its position in Invesco S&P 500 Momentum ETF by 4.1% in the 1st quarter. Compass Financial Services Inc now owns 88,356 shares of the company’s stock valued at $9,906,000 after buying an additional 3,508 shares during the last quarter. TSA Wealth Managment LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 8.7% in the 1st quarter. TSA Wealth Managment LLC now owns 49,789 shares of the company’s stock valued at $5,582,000 after buying an additional 3,966 shares during the period. Finally, Triton Wealth Management PLLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 13.5% in the 1st quarter. Triton Wealth Management PLLC now owns 274,253 shares of the company’s stock valued at $31,565,000 after buying an additional 32,636 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 1.9%

SPMO stock opened at $150.00 on Thursday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market cap of $21.48 billion, a P/E ratio of 29.51 and a beta of 1.09. The business has a fifty day moving average of $150.66 and a 200-day moving average of $131.04.

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.