Physician Wealth Advisors Inc. Acquires New Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Physician Wealth Advisors Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 60,379 shares of the company’s stock, valued at approximately $5,737,000. Invesco S&P 500 Momentum ETF makes up about 1.0% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 25th biggest position. Physician Wealth Advisors Inc. owned 0.37% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPMO. BlueChip Wealth Advisors LLC increased its position in Invesco S&P 500 Momentum ETF by 18.6% during the 4th quarter. BlueChip Wealth Advisors LLC now owns 11,856 shares of the company’s stock worth $1,126,000 after purchasing an additional 1,859 shares in the last quarter. WealthTrak Capital Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at $400,000. Horizon Investment Services LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $1,267,000. Vertex Planning Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $2,520,000. Finally, JPMorgan Chase & Co. raised its position in Invesco S&P 500 Momentum ETF by 391,013.3% in the fourth quarter. JPMorgan Chase & Co. now owns 617,959 shares of the company’s stock valued at $58,712,000 after purchasing an additional 617,801 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 2.4 %

Shares of SPMO stock opened at $92.19 on Friday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 24.93 and a beta of 0.93. The business’s 50-day moving average price is $98.36 and its 200-day moving average price is $95.74. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1794 per share. This is a positive change from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date of this dividend was Monday, March 24th.

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.