Cobblestone Asset Management LLC Buys 16,656 Shares of Invesco S&P 500 Momentum ETF $SPMO

Cobblestone Asset Management LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 64.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,621 shares of the company’s stock after acquiring an additional 16,656 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 2.3% of Cobblestone Asset Management LLC’s holdings, making the stock its 15th biggest position. Cobblestone Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Santori & Peters Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 2.9% in the 4th quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock worth $417,000 after purchasing an additional 100 shares during the period. Cassilly Financial Group LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $827,000. Centurion Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $359,000. Nova Wealth Management Inc. increased its position in Invesco S&P 500 Momentum ETF by 10.5% in the fourth quarter. Nova Wealth Management Inc. now owns 65,124 shares of the company’s stock worth $7,771,000 after buying an additional 6,190 shares during the last quarter. Finally, Spire Wealth Management increased its position in Invesco S&P 500 Momentum ETF by 25.1% in the fourth quarter. Spire Wealth Management now owns 20,167 shares of the company’s stock worth $2,406,000 after buying an additional 4,043 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $112.11 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’s fifty day moving average price is $117.81 and its two-hundred day moving average price is $119.23. The firm has a market cap of $12.73 billion, a PE ratio of 29.51 and a beta of 0.98.

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.