Belpointe Asset Management LLC Buys New Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Belpointe Asset Management LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,167 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. LPL Financial LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 75.3% in the 4th quarter. LPL Financial LLC now owns 2,178,729 shares of the company’s stock worth $207,001,000 after purchasing an additional 935,951 shares during the last quarter. Mainstay Capital Management LLC ADV grew its position in Invesco S&P 500 Momentum ETF by 374.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock worth $115,617,000 after buying an additional 960,418 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 391,013.3% in the fourth quarter. JPMorgan Chase & Co. now owns 617,959 shares of the company’s stock valued at $58,712,000 after buying an additional 617,801 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of Invesco S&P 500 Momentum ETF by 9.1% during the 4th quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after acquiring an additional 50,980 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 1.6% during the 4th quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after acquiring an additional 6,523 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.5 %

Shares of NYSEARCA SPMO opened at $88.26 on Thursday. The stock’s fifty day simple moving average is $94.83 and its 200 day simple moving average is $95.54. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 24.93 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 52-week low of $74.40 and a 52-week high of $103.44.

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.