Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Acquired by Able Wealth Management LLC

Able Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,047 shares of the company’s stock after purchasing an additional 11,499 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 3.3% of Able Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Able Wealth Management LLC owned about 0.32% of Invesco S&P 500 Momentum ETF worth $4,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PSI Advisors LLC boosted its holdings in shares of 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 buying an additional 110 shares during the period. D.A. Davidson & CO. raised its holdings in Invesco S&P 500 Momentum ETF by 1.4% in the 4th quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock valued at $911,000 after acquiring an additional 134 shares during the period. Weaver Consulting Group lifted its position in Invesco S&P 500 Momentum ETF by 1.9% during the fourth quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock worth $1,059,000 after acquiring an additional 204 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares during the period. Finally, Continuum Advisory LLC grew 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 purchasing an additional 216 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.0 %

Shares of NYSEARCA SPMO opened at $103.09 on Thursday. The business’s 50 day moving average is $98.73 and its 200-day moving average is $93.96. The firm has a market cap of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1-year low of $72.99 and a 1-year high of $103.44.

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.