RHS Financial LLC Acquires New Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

RHS Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, HoldingsChannel reports. The firm bought 3,158 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $1,740,000. Creative Planning bought a new position in Invesco S&P 500 Momentum ETF in the second quarter worth approximately $1,262,000. NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 121.4% during the second quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock worth $1,100,000 after buying an additional 6,897 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P 500 Momentum ETF by 33.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock valued at $466,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Invesco S&P 500 Momentum ETF by 17.0% in the 2nd quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after acquiring an additional 872 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.6 %

SPMO opened at $100.04 on Friday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $69.19 and a 12 month high of $101.86. The stock has a fifty day moving average price of $97.24 and a 200-day moving average price of $92.33.

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.