Gries Financial LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Gries Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,333 shares of the company’s stock, valued at approximately $888,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Castleview Partners LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 3.2% during the third quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after acquiring an additional 84 shares during the last quarter. Stephens Inc. AR increased its holdings in Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock valued at $496,000 after purchasing an additional 89 shares during the period. Strait & Sound Wealth Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 0.7% in the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after purchasing an additional 94 shares during the period. Fourth Dimension Wealth LLC raised its position in Invesco S&P 500 Momentum ETF by 33.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Sutton Place Investors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 1.8% during the 2nd quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after buying an additional 109 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.6%

NYSEARCA SPMO opened at $120.42 on Tuesday. The firm has a market capitalization of $13.62 billion, a PE ratio of 29.51 and a beta of 0.98. The business’s 50-day moving average price is $119.52 and its two-hundred day moving average price is $117.78. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56.

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.