StoneCrest Wealth Management Inc. Purchases 17,301 Shares of Invesco S&P 500 Momentum ETF $SPMO

StoneCrest Wealth Management Inc. increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 25.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,728 shares of the company’s stock after acquiring an additional 17,301 shares during the period. Invesco S&P 500 Momentum ETF makes up about 4.5% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 4th biggest holding. StoneCrest Wealth Management Inc. owned about 0.08% of Invesco S&P 500 Momentum ETF worth $10,257,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 50.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 41,341 shares of the company’s stock worth $5,005,000 after purchasing an additional 13,796 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $1,654,000. Ethos Financial Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 13.9% in the 3rd quarter. Ethos Financial Group LLC now owns 169,005 shares of the company’s stock worth $20,460,000 after buying an additional 20,630 shares during the period. Spire Wealth Management raised its position in Invesco S&P 500 Momentum ETF by 65.0% during the 3rd quarter. Spire Wealth Management now owns 16,124 shares of the company’s stock worth $1,952,000 after buying an additional 6,349 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $229,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $119.02 on Friday. The company has a market capitalization of $13.47 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The firm’s fifty day simple moving average is $119.34 and its 200-day simple moving average is $117.91.

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.