30,428 Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Triton Wealth Management PLLC

Triton Wealth Management PLLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 358,507 shares of the company’s stock after acquiring an additional 30,428 shares during the period. Invesco S&P 500 Momentum ETF comprises 16.5% of Triton Wealth Management PLLC’s holdings, making the stock its biggest position. Triton Wealth Management PLLC’s holdings in Invesco S&P 500 Momentum ETF were worth $54,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $33,000. Toth Financial Advisory Corp bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $34,000. Monetary Solutions Ltd bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $41,000. Caldwell Trust Co acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $42,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $46,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $129.64 on Wednesday. The stock’s fifty day moving average price is $144.79 and its two-hundred day moving average price is $138.20. The company has a market cap of $20.39 billion, a PE ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30.

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.