Physician Wealth Advisors Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 104,690 shares of the company’s stock after purchasing an additional 5,616 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 1.6% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 15th largest position. Physician Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $11,737,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares during the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth about $44,000. Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter worth about $48,000. Finally, MAI Capital Management bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $50,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of NYSEARCA SPMO opened at $155.32 on Thursday. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The business’s 50-day simple moving average is $146.83 and its 200-day simple moving average is $128.79. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.
Invesco S&P 500 Momentum ETF 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.
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