WealthPoint Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 16,143 shares of the company’s stock, valued at approximately $1,926,000. Invesco S&P 500 Momentum ETF accounts for 1.7% of WealthPoint Financial LLC’s investment portfolio, making the stock its 20th largest holding.
Several other hedge funds have also recently modified their holdings of SPMO. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth $33,000. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth $44,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth $50,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.3% in the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 2.8%
Shares of NYSEARCA:SPMO opened at $159.90 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $106.57 and a fifty-two week high of $160.65. The firm’s 50-day simple moving average is $141.01 and its 200-day simple moving average is $126.43. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11.
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.
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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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