Wealthgarden F.S. LLC Purchases Shares of 8,230 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Wealthgarden F.S. LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,230 shares of the company’s stock, valued at approximately $782,000.

A number of other institutional investors have also made changes to their positions in the stock. Theory Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $1,059,000. LWM Advisory Services LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 19.3% during the fourth quarter. LWM Advisory Services LLC now owns 35,044 shares of the company’s stock valued at $3,329,000 after acquiring an additional 5,680 shares during the last quarter. Able Wealth Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 28.4% during the fourth quarter. Able Wealth Management LLC now owns 52,047 shares of the company’s stock valued at $4,945,000 after acquiring an additional 11,499 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $775,000. Finally, WealthCare Investment Partners LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 9.9% during the fourth quarter. WealthCare Investment Partners LLC now owns 37,811 shares of the company’s stock valued at $3,613,000 after acquiring an additional 3,416 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $99.91 on Friday. The firm has a 50-day simple moving average of $98.87 and a two-hundred day simple moving average of $94.16. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44. The stock has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94.

Invesco S&P 500 Momentum ETF Company 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.