Watershed Private Wealth LLC Makes New $5 Million Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Watershed Private Wealth LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 52,627 shares of the company’s stock, valued at approximately $5,000,000. Invesco S&P 500 Momentum ETF comprises about 2.0% of Watershed Private Wealth LLC’s investment portfolio, making the stock its 14th biggest position. Watershed Private Wealth LLC owned 0.33% of Invesco S&P 500 Momentum ETF as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SPMO. Renaissance Technologies LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $1,740,000. Creative Planning acquired a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $1,262,000. NewEdge Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 121.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock worth $1,100,000 after buying an additional 6,897 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P 500 Momentum ETF by 33.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock worth $466,000 after acquiring an additional 1,327 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at approximately $5,366,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $99.41 on Wednesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.66 and a beta of 1.00. The company has a fifty day moving average price of $97.05 and a 200-day moving average price of $92.22. Invesco S&P 500 Momentum ETF has a 52-week low of $69.19 and a 52-week high of $101.86.

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.