Alta Wealth Advisors LLC Invests $653,000 in Invesco S&P 500 Momentum ETF $SPMO

Alta Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 5,395 shares of the company’s stock, valued at approximately $653,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castleview Partners LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after purchasing an additional 84 shares during the period. Stephens Inc. AR increased its holdings in Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares in the last quarter. Strait & Sound Wealth Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 0.7% in the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after buying an additional 94 shares during the period. Fourth Dimension Wealth LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 33.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, Sutton Place Investors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 1.8% during the 2nd quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after buying an additional 109 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $118.83 on Tuesday. The business’s 50 day simple moving average is $119.26 and its two-hundred day simple moving average is $118.65. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The firm has a market cap of $13.51 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.