A4 Wealth Advisors LLC Purchases New Shares in Invesco S&P 500 Momentum ETF $SPMO

A4 Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,755 shares of the company’s stock, valued at approximately $818,000.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $27,000. Schroder Investment Management Group bought a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at approximately $26,000. Blue Trust Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $31,000. GHP Investment Advisors Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the period. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF in the second quarter worth $31,000.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

SPMO stock opened at $119.87 on Monday. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The firm’s fifty day simple moving average is $119.62 and its two-hundred day simple moving average is $118.85.

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.