Modern Wealth Management LLC Buys 17,208 Shares of Invesco S&P 500 Momentum ETF $SPMO

Modern Wealth Management LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 145,804 shares of the company’s stock after purchasing an additional 17,208 shares during the quarter. Modern Wealth Management LLC owned approximately 0.12% of Invesco S&P 500 Momentum ETF worth $16,695,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake 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 bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth $44,000. Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $48,000. Finally, Team Financial Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 58.4% in the 1st quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after buying an additional 173 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.2%

NYSEARCA:SPMO opened at $149.83 on Friday. The firm has a market capitalization of $21.72 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The firm’s fifty day simple moving average is $150.97 and its 200 day simple moving average is $132.19.

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.