McNaughton Wealth Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 48.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,320 shares of the company’s stock after purchasing an additional 13,186 shares during the period. Invesco S&P 500 Momentum ETF makes up about 2.0% of McNaughton Wealth Management LLC’s holdings, making the stock its 16th largest position. McNaughton Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,811,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Schroder Investment Management Group purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $27,000. Blue Trust Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $31,000. Dunhill Financial LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Finally, Salomon & Ludwin LLC grew its position in Invesco S&P 500 Momentum ETF by 117.9% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after buying an additional 165 shares during the period.
Invesco S&P 500 Momentum ETF Trading Up 0.3%
Shares of Invesco S&P 500 Momentum ETF stock opened at $114.84 on Wednesday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The stock has a market cap of $13.04 billion, a PE ratio of 29.51 and a beta of 0.98. The company has a 50-day moving average of $118.59 and a two-hundred day moving average of $119.51.
Invesco S&P 500 Momentum ETF 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.
Further Reading
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