Wealthgarden F.S. LLC Takes Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Wealthgarden F.S. LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,230 shares of the company’s stock, valued at approximately $782,000. Wealthgarden F.S. LLC owned about 0.05% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PSI Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 110 shares during the last quarter. Global Trust Asset Management LLC increased its position in Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC increased its position in Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $76,000. Finally, AdvisorNet Financial Inc increased its position in Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after purchasing an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 2.0 %

Invesco S&P 500 Momentum ETF stock opened at $99.91 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $74.40 and a 12-month high of $103.44. The stock has a market cap of $5.56 billion, a P/E ratio of 26.90 and a beta of 0.94. The company has a 50-day moving average price of $98.87 and a 200 day moving average price of $94.16.

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.