Capstone Wealth Management Group LLC Grows Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Capstone Wealth Management Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 48.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 accounts for approximately 1.5% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 17th biggest position. Capstone Wealth Management Group LLC owned about 0.17% of Invesco S&P 500 Momentum ETF worth $2,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 7.7% during the fourth quarter. Private Advisor Group LLC now owns 4,616 shares of the company’s stock valued at $302,000 after acquiring an additional 330 shares during the last quarter. L.M. Kohn & Company acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $233,000. Harvest Investment Services LLC raised its position in Invesco S&P 500 Momentum ETF by 3.3% in the fourth quarter. Harvest Investment Services LLC now owns 4,774 shares of the company’s stock valued at $313,000 after purchasing an additional 154 shares during the period. Bell Investment Advisors Inc acquired a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth $151,000. Finally, Advance Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $37,208,000.

Invesco S&P 500 Momentum ETF Trading Down 0.3 %

Shares of NYSEARCA SPMO opened at $88.79 on Tuesday. The stock has a fifty day simple moving average of $86.79 and a 200-day simple moving average of $83.34. Invesco S&P 500 Momentum ETF has a twelve month low of $55.32 and a twelve month high of $91.64. The stock has a market capitalization of $1.43 billion, a PE 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.