HBW Advisory Services LLC Has $15.12 Million Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

HBW Advisory Services LLC grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,163 shares of the company’s stock after purchasing an additional 12,158 shares during the period. Invesco S&P 500 Momentum ETF comprises about 2.1% of HBW Advisory Services LLC’s holdings, making the stock its 6th biggest holding. HBW Advisory Services LLC owned 0.99% of Invesco S&P 500 Momentum ETF worth $15,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Continuum Advisory LLC lifted its stake in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after acquiring an additional 216 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $76,000. Richardson Financial Services Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 26.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after acquiring an additional 200 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $158,000. Finally, TKG Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $204,000.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock traded down $0.90 during mid-day trading on Friday, hitting $95.74. The company’s stock had a trading volume of 775,706 shares, compared to its average volume of 866,144. The firm’s 50 day moving average is $96.08 and its 200 day moving average is $91.32. The company has a market cap of $1.54 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $66.00 and a 52-week high of $98.76.

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.