Manchester Financial Inc. Raises Holdings in Invesco S&P 500 Momentum ETF $SPMO

Manchester Financial Inc. grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 95.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,492 shares of the company’s stock after buying an additional 35,450 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 1.7% of Manchester Financial Inc.’s holdings, making the stock its 16th largest holding. Manchester Financial Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $8,153,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SPMO. Fifth Third Bancorp purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth $69,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1,414.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 259,821 shares of the company’s stock worth $24,041,000 after purchasing an additional 242,666 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $202,000. Kingswood Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 31.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 14,394 shares of the company’s stock worth $1,332,000 after purchasing an additional 3,452 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 44.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 155,483 shares of the company’s stock worth $14,387,000 after purchasing an additional 47,752 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $120.42 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.63. The business has a fifty day moving average price of $119.07 and a 200 day moving average price of $109.11.

About Invesco S&P 500 Momentum ETF

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.