Meridian Wealth Management LLC Acquires Shares of 5,683 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Meridian Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,683 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 10.0% during the 3rd quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after purchasing an additional 113,439 shares during the period. Mainstay Capital Management LLC ADV raised its stake in shares of Invesco S&P 500 Momentum ETF by 374.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock worth $115,617,000 after purchasing an additional 960,418 shares during the period. Money Concepts Capital Corp raised its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% during the 4th quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock worth $58,101,000 after purchasing an additional 50,980 shares during the period. Trilogy Capital Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 1.6% during the 4th quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after purchasing an additional 6,523 shares during the period. Finally, Family Investment Center Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 6.1% during the 4th quarter. Family Investment Center Inc. now owns 311,213 shares of the company’s stock worth $29,568,000 after purchasing an additional 17,939 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $97.22 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $74.40 and a 52-week high of $103.44. The stock’s 50-day simple moving average is $99.17 and its 200 day simple moving average is $95.00. The stock has a market capitalization of $5.41 billion, a P/E ratio of 26.90 and a beta of 0.94.

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.