Wealth Enhancement Advisory Services LLC Has $60.22 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Wealth Enhancement Advisory Services LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 499,910 shares of the company’s stock after buying an additional 71,212 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.46% of Invesco S&P 500 Momentum ETF worth $60,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CAP Partners LLC increased its position in Invesco S&P 500 Momentum ETF by 2.5% during the 3rd quarter. CAP Partners LLC now owns 7,078 shares of the company’s stock valued at $857,000 after purchasing an additional 173 shares during the period. GatePass Capital LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $253,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Invesco S&P 500 Momentum ETF by 25.2% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,370 shares of the company’s stock worth $1,982,000 after buying an additional 3,290 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 44.6% in the third quarter. Leavell Investment Management Inc. now owns 25,169 shares of the company’s stock valued at $3,047,000 after buying an additional 7,769 shares during the period. Finally, Pinnacle Financial Partners Inc bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at $278,000.

Invesco S&P 500 Momentum ETF Stock Down 1.6%

Invesco S&P 500 Momentum ETF stock traded down $1.89 during trading hours on Tuesday, reaching $118.11. 267,589 shares of the company’s stock were exchanged, compared to its average volume of 1,775,877. The firm’s 50 day simple moving average is $119.33 and its 200 day simple moving average is $118.45. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The firm has a market capitalization of $13.49 billion, a PE 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.