Invesco S&P 500 Momentum ETF $SPMO is Centerpoint Advisory Group’s Largest Position

Centerpoint Advisory Group lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,134 shares of the company’s stock after purchasing an additional 8,940 shares during the period. Invesco S&P 500 Momentum ETF comprises about 6.0% of Centerpoint Advisory Group’s investment portfolio, making the stock its largest position. Centerpoint Advisory Group’s holdings in Invesco S&P 500 Momentum ETF were worth $7,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $27,000. Dunhill Financial LLC bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $33,000. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $33,000. MAI Capital Management bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $50,000. Finally, Capital Investment Advisory Services LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 90.5% during the third quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock valued at $51,000 after acquiring an additional 200 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $143.81 on Friday. Invesco S&P 500 Momentum ETF has a 52-week low of $97.86 and a 52-week high of $143.84. The firm has a market capitalization of $17.53 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The stock has a 50 day moving average price of $121.61 and a 200 day moving average price of $120.25.

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.