Endowment Wealth Management Inc. grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,569 shares of the company’s stock after purchasing an additional 5,667 shares during the period. Invesco S&P 500 Momentum ETF comprises about 3.7% of Endowment Wealth Management Inc.’s portfolio, making the stock its 4th largest position. Endowment Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $11,000,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in SPMO. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $353,565,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $119,358,000. Commonwealth Equity Services LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $76,658,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $36,990,000. Finally, International Assets Investment Management LLC grew its position in Invesco S&P 500 Momentum ETF by 2,683.0% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock worth $37,895,000 after purchasing an additional 241,017 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA:SPMO opened at $124.41 on Friday. The firm has a market cap of $19.55 billion, a price-to-earnings ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The firm has a 50-day moving average price of $145.48 and a two-hundred day moving average price of $138.08.
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.
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