Meridian Wealth Management LLC Invests $540,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Meridian Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,683 shares of the company’s stock, valued at approximately $540,000.

Other large investors also recently modified their holdings of the company. PSI Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC grew its position in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC grew its position in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $76,000. Finally, AdvisorNet Financial Inc lifted its stake in Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after acquiring an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.2 %

Shares of NYSEARCA:SPMO opened at $97.22 on Thursday. The stock’s fifty day simple moving average is $99.17 and its two-hundred day simple moving average is $95.00. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44. The stock has a market cap of $5.41 billion, a PE ratio of 26.90 and a beta of 0.94.

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.