Capstone Wealth Management Group LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 48.2% during the 2nd quarter, Holdings Channel reports. The firm owned 26,751 shares of the company’s stock after purchasing an additional 8,705 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 1.5% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 17th biggest holding. Capstone Wealth Management Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Global Trust Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at $34,000. ORG Partners LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $38,000. YHB Investment Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $50,000. Concourse Financial Group Securities Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 103.9% in the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after buying an additional 290 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $60,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA SPMO opened at $88.79 on Tuesday. The firm has a market cap of $1.43 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $55.32 and a 1 year high of $91.64. The firm’s 50 day moving average price is $86.79 and its 200 day moving average price is $83.34.
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.
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