Baird Financial Group Inc. Makes New $416,000 Investment in Invesco S&P 500 Momentum ETF $SPMO

Baird Financial Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,499 shares of the company’s stock, valued at approximately $416,000.

Other hedge funds have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $28,000. WealthShield Partners LLC lifted its position in Invesco S&P 500 Momentum ETF by 51.2% during the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $40,000. Sound Income Strategies LLC lifted its position in Invesco S&P 500 Momentum ETF by 1,859.3% during the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after acquiring an additional 502 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in Invesco S&P 500 Momentum ETF by 41.2% during the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.9%

Shares of SPMO stock opened at $119.50 on Thursday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $120.10. The firm has a 50 day moving average price of $115.36 and a two-hundred day moving average price of $104.34. The company has a market capitalization of $11.35 billion, a PE ratio of 29.51 and a beta of 0.89.

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.