Hobbs Wealth Management LLC Has $2.82 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Hobbs Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,030 shares of the company’s stock after purchasing an additional 1,221 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 2.7% of Hobbs Wealth Management LLC’s holdings, making the stock its 12th largest position. Hobbs Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SPMO. GHP Investment Advisors Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after acquiring an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at about $31,000. Rossby Financial LCC boosted its holdings in Invesco S&P 500 Momentum ETF by 237.8% during the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after purchasing an additional 214 shares during the last quarter. WealthShield Partners LLC grew its position in Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 342.5% in the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.2%

Invesco S&P 500 Momentum ETF stock opened at $119.28 on Thursday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The company’s 50 day moving average price is $120.05 and its two-hundred day moving average price is $114.86. The stock has a market cap of $13.03 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.