Brookstone Capital Management Acquires 3,508 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Brookstone Capital Management grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 131.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,176 shares of the company’s stock after acquiring an additional 3,508 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P 500 Momentum ETF were worth $538,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPMO. Global Trust Asset Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $34,000. ORG Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth $38,000. YHB Investment Advisors Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $50,000. Richardson Financial Services Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $60,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth $151,000.

Invesco S&P 500 Momentum ETF Trading Up 1.1 %

NYSEARCA SPMO opened at $89.39 on Tuesday. The company has a fifty day simple moving average of $86.81 and a 200 day simple moving average of $81.48. The company has a market cap of $1.44 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $55.32 and a 1 year high of $91.64.

About Invesco S&P 500 Momentum ETF

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.