EverSource Wealth Advisors LLC Purchases 8,176 Shares of Invesco S&P 500 Momentum ETF $SPMO

EverSource Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 889.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,095 shares of the company’s stock after purchasing an additional 8,176 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,020,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth approximately $33,000. Blue Trust Inc. grew 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 acquiring an additional 93 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $44,000. Networth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter worth approximately $48,000. Finally, Team Financial Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 58.4% in the 1st quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after acquiring an additional 173 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $143.83 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The firm has a 50 day moving average price of $150.92 and a 200-day moving average price of $133.05.

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.