Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 253.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,624 shares of the company’s stock after purchasing an additional 32,716 shares during the quarter. Belpointe Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,523,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPMO. Evolution Wealth Management Inc. boosted its position in Invesco S&P 500 Momentum ETF by 468.7% in the 3rd quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock worth $897,000 after purchasing an additional 6,107 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth $1,654,000. J.W. Cole Advisors Inc. grew 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 valued at $1,446,000 after buying an additional 5,834 shares during the period. Altus Wealth Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 4.7% in the third quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock valued at $16,675,000 after buying an additional 6,229 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of Invesco S&P 500 Momentum ETF by 36.5% in the third quarter. Arkadios Wealth Advisors now owns 21,407 shares of the company’s stock worth $2,592,000 after acquiring an additional 5,725 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.8%

NYSEARCA:SPMO opened at $118.83 on Tuesday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The stock’s 50-day moving average price is $119.26 and its 200-day moving average price is $118.65. The stock has a market capitalization of $13.51 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.