IHT Wealth Management LLC grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 44.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 73,480 shares of the company’s stock after buying an additional 22,553 shares during the quarter. IHT Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $8,768,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $33,000. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $33,000. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $44,000. MAI Capital Management purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $50,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 61.3% in the 4th quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after buying an additional 187 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of Invesco S&P 500 Momentum ETF stock opened at $155.49 on Thursday. Invesco S&P 500 Momentum ETF has a one year low of $106.57 and a one year high of $158.95. The company has a market cap of $18.96 billion, a PE ratio of 29.51 and a beta of 1.11. The business has a 50-day simple moving average of $140.14 and a 200-day simple moving average of $126.15.
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.
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