Invesco S&P 500 Momentum ETF $SPMO Holdings Raised by Nova Wealth Management Inc.

Nova Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,124 shares of the company’s stock after acquiring an additional 6,190 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 5.3% of Nova Wealth Management Inc.’s investment portfolio, making the stock its largest holding. Nova Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $7,771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Castleview Partners LLC grew its position in Invesco S&P 500 Momentum ETF by 3.2% during the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after purchasing an additional 84 shares during the last quarter. Lantern Wealth Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF by 3.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock valued at $319,000 after purchasing an additional 88 shares in the last quarter. Caliber Wealth Management LLC KS increased its stake in Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after purchasing an additional 90 shares in the last quarter. LexAurum Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after purchasing an additional 92 shares in the last quarter. Finally, GK Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 4.1% in the third quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after buying an additional 99 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $110.31 on Monday. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The firm has a fifty day simple moving average of $118.15 and a 200-day simple moving average of $119.38. The company has a market capitalization of $12.52 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.