Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Spectrum Planning & Advisory Services Inc.

Spectrum Planning & Advisory Services Inc. grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 57.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,621 shares of the company’s stock after buying an additional 11,591 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 1.9% of Spectrum Planning & Advisory Services Inc.’s portfolio, making the stock its 13th largest holding. Spectrum Planning & Advisory Services Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SPMO. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $33,000. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $33,000. Dogwood Wealth Management LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $44,000. MAI Capital Management acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $50,000. Finally, Capital Investment Advisory Services LLC raised its holdings in Invesco S&P 500 Momentum ETF by 90.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock worth $51,000 after purchasing an additional 200 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 1.3%

NYSEARCA SPMO opened at $154.32 on Wednesday. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a twelve month low of $105.30 and a twelve month high of $154.51. The stock has a 50-day moving average of $131.00 and a 200 day moving average of $123.27.

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.