RDA Financial Network Takes Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

RDA Financial Network bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,206 shares of the company’s stock, valued at approximately $400,000.

A number of other large investors have also recently bought and sold shares of SPMO. World Investment Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $23,247,000. HBW Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $13,325,000. Cetera Investment Advisers lifted its stake in shares of Invesco S&P 500 Momentum ETF by 61.6% in the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after purchasing an additional 143,810 shares during the period. Finally, Fischer Investment Strategies LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth $11,215,000.

Invesco S&P 500 Momentum ETF Stock Up 1.1 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $98.65 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of 20.66 and a beta of 1.00. The business has a 50-day moving average price of $96.41 and a 200 day moving average price of $91.70. Invesco S&P 500 Momentum ETF has a twelve month low of $66.52 and a twelve month high of $98.79.

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.