Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Fulcrum Equity Management

Fulcrum Equity Management raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 348.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,031 shares of the company’s stock after acquiring an additional 10,901 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 1.7% of Fulcrum Equity Management’s holdings, making the stock its 9th largest holding. Fulcrum Equity Management’s holdings in Invesco S&P 500 Momentum ETF were worth $2,267,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC grew its stake in shares of 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 acquiring an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $18,900,000. Jane Street Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after purchasing an additional 31,344 shares during the last quarter. Invesco Ltd. boosted its stake in 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 purchasing an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in 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 purchasing an additional 5,209 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.7%

NYSEARCA SPMO opened at $148.70 on Tuesday. The company has a fifty day simple moving average of $150.86 and a two-hundred day simple moving average of $134.39. The stock has a market cap of $21.78 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month 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.