FSA Wealth Partners Inc. purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,379 shares of the company’s stock, valued at approximately $651,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 468.7% in the third quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock worth $897,000 after purchasing an additional 6,107 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $1,654,000. J.W. Cole Advisors Inc. raised its stake in Invesco S&P 500 Momentum ETF by 83.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock valued at $1,446,000 after purchasing an additional 5,834 shares during the last quarter. Altus Wealth Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 4.7% during the third quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock valued at $16,675,000 after buying an additional 6,229 shares during the last quarter. Finally, Childress Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $5,590,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO stock opened at $119.87 on Friday. The stock has a fifty day moving average price of $119.62 and a 200 day moving average price of $118.81. The stock has a market cap of $13.63 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.
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.
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