Curtis Wealth Management LLC Takes $3.36 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Curtis Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,291 shares of the company’s stock, valued at approximately $3,362,000. Invesco S&P 500 Momentum ETF makes up approximately 3.0% of Curtis Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $50,000. Finally, Capital Investment Advisory Services LLC raised its holdings in Invesco S&P 500 Momentum ETF by 90.5% during the third quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock worth $51,000 after acquiring an additional 200 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $144.28 on Friday. Invesco S&P 500 Momentum ETF has a 52-week low of $105.74 and a 52-week high of $155.74. The firm has a market capitalization of $17.59 billion, a PE ratio of 29.51 and a beta of 1.11. The business’s 50-day simple moving average is $133.97 and its 200 day simple moving average is $124.16.

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.