Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Acquired by USAdvisors Wealth Management LLC

USAdvisors Wealth Management LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 11.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 222,994 shares of the company’s stock after buying an additional 23,542 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 6.9% of USAdvisors Wealth Management LLC’s holdings, making the stock its 2nd largest position. USAdvisors Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $21,186,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SPMO. Renaissance Technologies LLC bought a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $1,740,000. Creative Planning acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $1,262,000. NewEdge Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 121.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock worth $1,100,000 after acquiring an additional 6,897 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Momentum ETF by 33.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock valued at $466,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Truist Financial Corp raised its position in Invesco S&P 500 Momentum ETF by 17.0% in the 2nd quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after purchasing an additional 872 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $99.10 on Thursday. Invesco S&P 500 Momentum ETF has a 52 week low of $69.19 and a 52 week high of $101.86. The stock has a market capitalization of $1.60 billion, a PE ratio of 20.66 and a beta of 1.00. The stock’s fifty day moving average is $97.05 and its 200-day moving average is $92.22.

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.