RCS Financial Planning LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

RCS Financial Planning LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,203 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors also recently added to or reduced their stakes in SPMO. Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 116.7% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after purchasing an additional 57,149 shares during the last quarter. IFP Advisors Inc grew its stake in Invesco S&P 500 Momentum ETF by 98.0% during the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after buying an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 7,363.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after buying an additional 15,758 shares during the last quarter. Able Wealth Management LLC increased its position in Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after buying an additional 13,883 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its position in Invesco S&P 500 Momentum ETF by 1,035.6% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after buying an additional 17,916 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $159.64 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The stock’s 50-day simple moving average is $144.42 and its 200-day simple moving average is $127.77.

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.