Pinnacle Wealth Management Advisory Group LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Pinnacle Wealth Management Advisory Group LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,935 shares of the company’s stock, valued at approximately $441,000.

Other large investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 116.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after acquiring an additional 57,149 shares in the last quarter. IFP Advisors Inc raised its holdings in Invesco S&P 500 Momentum ETF by 98.0% in the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after acquiring an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 7,363.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after acquiring an additional 15,758 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its stake in Invesco S&P 500 Momentum ETF by 1,035.6% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after purchasing an additional 17,916 shares during the last quarter. Finally, Able Wealth Management LLC boosted its stake in Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after purchasing an additional 13,883 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $154.20 on Monday. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The stock has a fifty day simple moving average of $144.97 and a two-hundred day simple moving average of $128.01. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

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.