Apollon Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 27.8% in the first quarter, HoldingsChannel.com reports. The firm owned 25,137 shares of the company’s stock after buying an additional 5,472 shares during the period. Apollon Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,818,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of SPMO. Capstone Wealth Management Group LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $18,900,000. Jane Street Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 43.9% in the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after purchasing an additional 5,209 shares during the period.
Invesco S&P 500 Momentum ETF Stock Up 1.9%
NYSEARCA:SPMO opened at $161.54 on Wednesday. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The stock has a fifty day simple moving average of $146.27 and a 200 day simple moving average of $128.55.
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.
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