Estate Counselors LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Estate Counselors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,195 shares of the company’s stock, valued at approximately $470,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth $33,000. Blue Trust Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $44,000. Networth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at about $48,000. Finally, Team Financial Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 58.4% during the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after buying an additional 173 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $144.75 on Tuesday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm has a 50-day moving average of $151.10 and a 200 day moving average of $132.54. The company has a market cap of $20.97 billion, a P/E ratio of 29.51 and a beta of 1.09.

Invesco S&P 500 Momentum ETF 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.