Green Ridge Wealth Planning LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 113,810 shares of the company’s stock, valued at approximately $13,580,000. Invesco S&P 500 Momentum ETF makes up about 6.9% of Green Ridge Wealth Planning LLC’s portfolio, making the stock its 3rd biggest position. Green Ridge Wealth Planning LLC owned approximately 0.10% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dunhill Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $33,000. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $33,000. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $44,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $50,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 61.3% in the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of Invesco S&P 500 Momentum ETF stock opened at $159.90 on Friday. The business’s 50 day moving average price is $141.78 and its 200 day moving average price is $126.66. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a one year low of $106.57 and a one year high of $160.65.
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.
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