Spire Wealth Management Invests $178,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Spire Wealth Management acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,217 shares of the company’s stock, valued at approximately $178,000.

A number of other hedge funds also recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $335,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Invesco S&P 500 Momentum ETF by 125.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 15,564 shares of the company’s stock worth $1,019,000 after buying an additional 8,673 shares during the period. Great Valley Advisor Group Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 268.9% in the third quarter. Great Valley Advisor Group Inc. now owns 21,036 shares of the company’s stock worth $1,205,000 after buying an additional 15,333 shares during the period. Professional Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 2.7% in the 4th quarter. Professional Financial Advisors LLC now owns 48,732 shares of the company’s stock valued at $3,192,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Betterment LLC grew its position in Invesco S&P 500 Momentum ETF by 4.4% during the 3rd quarter. Betterment LLC now owns 4,932 shares of the company’s stock worth $283,000 after acquiring an additional 208 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.6 %

SPMO stock traded up $0.45 during midday trading on Monday, hitting $81.20. The company had a trading volume of 157,059 shares, compared to its average volume of 264,087. The stock’s 50 day moving average price is $78.86 and its 200 day moving average price is $71.44. Invesco S&P 500 Momentum ETF has a 52 week low of $52.81 and a 52 week high of $81.50. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

About Invesco S&P 500 Momentum ETF

(Free Report)

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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Institutional Ownership by Quarter for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

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