Hershey Financial Advisers LLC Invests $469,000 in Invesco S&P 500 Momentum ETF $SPMO

Hershey Financial Advisers LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,184 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capstone Wealth Management Group LLC grew its position in Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after buying an additional 65,515 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $18,900,000. Jane Street Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 346.5% during the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 43.9% in the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 11.7% in the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock worth $5,595,000 after acquiring an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $143.89 on Friday. The business has a 50 day moving average price of $150.78 and a 200 day moving average price of $131.30. The company has a market capitalization of $20.67 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

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.