Goldstein Advisors LLC Grows Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Goldstein Advisors LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 92.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 194,548 shares of the company’s stock after buying an additional 93,342 shares during the period. Invesco S&P 500 Momentum ETF makes up about 2.6% of Goldstein Advisors LLC’s holdings, making the stock its 11th largest position. Goldstein Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $23,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Syntegra Private Wealth Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $218,000. Spectrum Planning & Advisory Services Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 57.9% during the fourth quarter. Spectrum Planning & Advisory Services Inc. now owns 31,621 shares of the company’s stock worth $3,773,000 after purchasing an additional 11,591 shares in the last quarter. Calton & Associates Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 20.8% during the fourth quarter. Calton & Associates Inc. now owns 15,227 shares of the company’s stock worth $1,817,000 after purchasing an additional 2,619 shares in the last quarter. Tidemark LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 8.3% during the fourth quarter. Tidemark LLC now owns 46,129 shares of the company’s stock worth $5,504,000 after purchasing an additional 3,547 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $1,230,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $155.09 on Thursday. The business’s 50-day simple moving average is $132.63 and its 200-day simple moving average is $123.77. Invesco S&P 500 Momentum ETF has a one year low of $105.30 and a one year high of $155.74. The stock has a market capitalization of $18.91 billion, a P/E ratio of 29.51 and a beta of 1.09.

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.