WMG Financial Advisors LLC Acquires 24,868 Shares of Invesco S&P 500 Momentum ETF $SPMO

WMG Financial Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 154.4% during the first quarter, Holdings Channel.com reports. The firm owned 40,973 shares of the company’s stock after acquiring an additional 24,868 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 1.9% of WMG Financial Advisors LLC’s portfolio, making the stock its 12th largest holding. WMG Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,594,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $33,000. Blue Trust Inc. raised its stake in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $48,000. Finally, MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $50,000.

Invesco S&P 500 Momentum ETF Trading Up 2.8%

NYSEARCA SPMO opened at $158.53 on Tuesday. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The stock has a market cap of $19.33 billion, a P/E ratio of 29.51 and a beta of 1.11. The stock’s fifty day moving average price is $145.61 and its 200-day moving average price is $128.27.

Invesco S&P 500 Momentum ETF Company 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.