Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) is HBW Advisory Services LLC’s 6th Largest Position

HBW Advisory Services LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 159,163 shares of the company’s stock after buying an additional 12,158 shares during the period. Invesco S&P 500 Momentum ETF accounts for 2.1% of HBW Advisory Services LLC’s investment portfolio, making the stock its 6th largest holding. HBW Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $15,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $76,000. Richardson Financial Services Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 26.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after acquiring an additional 200 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $158,000. Finally, TKG Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $204,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO traded down $0.90 during mid-day trading on Friday, reaching $95.74. 775,706 shares of the company traded hands, compared to its average volume of 866,144. The stock has a market cap of $1.54 billion, a PE ratio of 20.66 and a beta of 1.00. The company’s fifty day moving average is $96.08 and its two-hundred day moving average is $91.32. Invesco S&P 500 Momentum ETF has a fifty-two week low of $66.00 and a fifty-two week high of $98.76.

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.