Castle Rock Wealth Management LLC Acquires Shares of 24,713 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Castle Rock Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,713 shares of the company’s stock, valued at approximately $2,263,000.

A number of other hedge funds have also made changes to their positions in SPMO. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 36.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock worth $477,631,000 after purchasing an additional 1,456,957 shares in the last quarter. LPL Financial LLC grew its holdings in Invesco S&P 500 Momentum ETF by 33.7% during the 2nd quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock worth $98,772,000 after acquiring an additional 284,359 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 1st quarter worth about $46,012,000. Osaic Holdings Inc. increased its position in Invesco S&P 500 Momentum ETF by 141.5% in the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock valued at $38,137,000 after acquiring an additional 278,798 shares in the last quarter. Finally, Advance Capital Management Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth about $37,208,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock traded up $0.71 during trading hours on Friday, reaching $93.41. 150,821 shares of the company were exchanged, compared to its average volume of 535,238. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The stock’s fifty day moving average is $88.09 and its two-hundred day moving average is $84.72. Invesco S&P 500 Momentum ETF has a fifty-two week low of $55.32 and a fifty-two week high of $93.52.

About Invesco S&P 500 Momentum ETF

(Free Report)

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.

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