Alchemi Wealth LLC Buys Shares of 4,518 Invesco S&P 500 Momentum ETF $SPMO

Alchemi Wealth LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,518 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds have also added to or reduced their stakes in the company. Dunhill Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $33,000. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Dogwood Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. MAI Capital Management purchased a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.3%

Shares of NYSEARCA SPMO opened at $152.48 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $105.74 and a 12 month high of $155.74. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The business has a 50-day moving average of $137.69 and a 200-day moving average of $125.31.

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.