TAP Consulting LLC Raises Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

TAP Consulting LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 62.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,888 shares of the company’s stock after purchasing an additional 21,484 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 1.0% of TAP Consulting LLC’s portfolio, making the stock its 27th biggest position. TAP Consulting LLC owned approximately 0.35% of Invesco S&P 500 Momentum ETF worth $4,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $34,000. ORG Partners LLC bought a new position in Invesco S&P 500 Momentum ETF during the second quarter valued at $38,000. Concourse Financial Group Securities Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 103.9% during the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares during the period. YHB Investment Advisors Inc. bought a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at $50,000. Finally, Richardson Financial Services Inc. bought a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at $60,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO traded down $1.94 on Friday, hitting $83.92. 374,008 shares of the stock traded hands, compared to its average volume of 547,481. The business’s fifty day moving average is $87.00 and its two-hundred day moving average is $82.81. Invesco S&P 500 Momentum ETF has a 12 month low of $55.32 and a 12 month high of $91.64. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.