Geneos Wealth Management Inc. Boosts Stake in Invesco S&P 500 Momentum ETF $SPMO

Geneos Wealth Management Inc. lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,886 shares of the company’s stock after purchasing an additional 10,306 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.05% of Invesco S&P 500 Momentum ETF worth $5,611,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $26,000. GHP Investment Advisors Inc. raised its position in Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth $31,000. Rossby Financial LCC boosted its stake in Invesco S&P 500 Momentum ETF by 237.8% during the 2nd quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after purchasing an additional 214 shares during the period. Finally, Tradewinds Capital Management LLC grew its position in Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after purchasing an additional 274 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $119.10 on Monday. The company has a 50-day simple moving average of $119.85 and a 200-day simple moving average of $116.31. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.