Retirement Planning Group LLC Purchases Shares of 3,862 Invesco S&P 500 Momentum ETF $SPMO

Retirement Planning Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,862 shares of the company’s stock, valued at approximately $433,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $33,000. Blue Trust Inc. boosted its position in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $44,000. Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $48,000. Finally, Team Financial Group LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 58.4% in the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after purchasing an additional 173 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 1.9%

Shares of SPMO stock opened at $150.00 on Thursday. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The company’s fifty day simple moving average is $150.66 and its 200-day simple moving average is $131.04. The firm has a market cap of $21.48 billion, a PE ratio of 29.51 and a beta of 1.09.

Invesco S&P 500 Momentum ETF 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.