Lunt Capital Management Inc. Purchases New Shares in Invesco S&P 500 Momentum ETF $SPMO

Lunt Capital Management Inc. acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,959 shares of the company’s stock, valued at approximately $3,224,000. Invesco S&P 500 Momentum ETF accounts for about 1.2% of Lunt Capital Management Inc.’s portfolio, making the stock its 26th largest holding.

Several other hedge funds have also modified their holdings of SPMO. Coppell Advisory Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF during the second quarter worth approximately $26,000. Blue Trust Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Montgomery Financial Services LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $46,000. Networth Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth $48,000. Finally, Wellington Grp LLC increased its holdings in Invesco S&P 500 Momentum ETF by 43.6% in the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after acquiring an additional 139 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.1%

SPMO opened at $150.30 on Thursday. The firm’s fifty day simple moving average is $148.55 and its two-hundred day simple moving average is $139.05. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.