Invesco S&P 500 Momentum ETF $SPMO Stake Lifted by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 215,430 shares of the company’s stock after acquiring an additional 27,392 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 3.2% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 2nd biggest holding. Insight Wealth Strategies LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $33,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPMO. Elevated Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $33,000. Blue Trust Inc. lifted its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the period. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter worth about $48,000. Finally, Wellington Grp LLC grew its holdings in Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after purchasing an additional 139 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $148.56 on Wednesday. The stock has a market cap of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm’s 50 day moving average price is $150.74 and its 200-day moving average price is $134.61.

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.