BlackDiamond Wealth Management LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

BlackDiamond Wealth Management LLC bought a new position in shares of 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 10,939 shares of the company’s stock, valued at approximately $1,329,000.

A number of other institutional investors also recently modified their holdings of the company. Lantern Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 3.5% during the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock worth $319,000 after purchasing an additional 88 shares during the period. Caliber Wealth Management LLC KS boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.9% during the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock worth $235,000 after purchasing an additional 90 shares during the period. LexAurum Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.3% during the third quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after purchasing an additional 92 shares during the period. GK Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.1% during the third quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after purchasing an additional 99 shares during the period. Finally, Santori & Peters Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 2.9% during the fourth quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock worth $417,000 after purchasing an additional 100 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.5%

Invesco S&P 500 Momentum ETF stock opened at $155.09 on Thursday. The firm has a 50-day moving average of $132.63 and a 200-day moving average of $123.77. The firm has a market cap of $18.91 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1-year low of $105.30 and a 1-year high of $155.74.

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.