Childress Capital Advisors LLC Invests $5.59 Million in Invesco S&P 500 Momentum ETF $SPMO

Childress Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,175 shares of the company’s stock, valued at approximately $5,590,000. Invesco S&P 500 Momentum ETF accounts for about 1.0% of Childress Capital Advisors LLC’s portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JTC Employer Solutions Trustee Ltd acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $10,030,000. Pachira Investments Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 217.9% in the third quarter. Pachira Investments Inc. now owns 41,072 shares of the company’s stock worth $4,972,000 after purchasing an additional 28,154 shares during the last quarter. Washington Growth Strategies LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 5.0% during the third quarter. Washington Growth Strategies LLC now owns 22,976 shares of the company’s stock worth $2,781,000 after purchasing an additional 1,088 shares during the period. CoreCap Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 10.5% in the third quarter. CoreCap Advisors LLC now owns 27,717 shares of the company’s stock valued at $3,355,000 after buying an additional 2,636 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Invesco S&P 500 Momentum ETF by 6.4% in the third quarter. Geneos Wealth Management Inc. now owns 53,067 shares of the company’s stock valued at $6,424,000 after buying an additional 3,181 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.5%

SPMO opened at $121.05 on Wednesday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The firm has a 50 day moving average of $119.48 and a two-hundred day moving average of $117.88. The firm has a market capitalization of $13.69 billion, a PE ratio of 29.51 and a beta of 0.98.

Invesco S&P 500 Momentum ETF Company 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.