Apollon Wealth Management LLC Has $2.15 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Apollon Wealth Management LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 61.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,715 shares of the company’s stock after buying an additional 6,751 shares during the period. Apollon Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SPMO. J.W. Cole Advisors Inc. lifted its position in Invesco S&P 500 Momentum ETF by 83.1% during the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock worth $1,446,000 after purchasing an additional 5,834 shares during the period. Global Retirement Partners LLC bought a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $6,771,000. Brookstone Capital Management raised its position in shares of Invesco S&P 500 Momentum ETF by 1,525.4% in the 3rd quarter. Brookstone Capital Management now owns 195,748 shares of the company’s stock valued at $23,697,000 after buying an additional 183,705 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 32.8% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,080 shares of the company’s stock worth $1,471,000 after acquiring an additional 3,230 shares during the period. Finally, Seeds Investor LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $248,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $120.35 on Wednesday. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The company’s 50 day simple moving average is $119.64 and its 200 day simple moving average is $117.43.

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.