StoneCrest Wealth Management Inc. Has $5.28 Million Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

StoneCrest Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 35.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,286 shares of the company’s stock after acquiring an additional 15,353 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 3.8% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 9th largest position. StoneCrest Wealth Management Inc. owned 0.36% of Invesco S&P 500 Momentum ETF worth $5,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Trust Asset Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $34,000. ORG Partners LLC bought a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $38,000. Concourse Financial Group Securities Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $60,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at $151,000.

Invesco S&P 500 Momentum ETF Stock Up 1.2 %

Shares of NYSEARCA SPMO opened at $92.14 on Wednesday. The company has a market capitalization of $1.48 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a twelve month low of $55.32 and a twelve month high of $92.22. The firm has a fifty day simple moving average of $87.78 and a 200 day simple moving average of $84.60.

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.