Capital Wealth Alliance LLC Buys Shares of 4,376 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Capital Wealth Alliance LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,376 shares of the company’s stock, valued at approximately $416,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PSI Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 110 shares during the last quarter. Global Trust Asset Management LLC increased its position in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares during the period. Legacy Investment Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $76,000. Finally, AdvisorNet Financial Inc raised its stake in Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after purchasing an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $102.79 on Tuesday. The firm’s 50-day moving average is $97.86 and its 200-day moving average is $92.97. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $72.87 and a 52-week high of $103.09.

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.