Brown Miller Wealth Management LLC Purchases 4,270 Shares of Invesco S&P 500 Momentum ETF $SPMO

Brown Miller Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 39.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,199 shares of the company’s stock after purchasing an additional 4,270 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $33,000. Blue Trust Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at $48,000. Finally, MAI Capital Management acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $50,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $158.53 on Tuesday. The stock has a market cap of $19.33 billion, a PE ratio of 29.51 and a beta of 1.11. The business has a fifty day moving average of $145.61 and a two-hundred day moving average of $128.27. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.

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.