Clearview Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 58.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,485 shares of the company’s stock after acquiring an additional 3,493 shares during the period. Clearview Wealth Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,132,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth $33,000. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth $44,000. MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $50,000. Finally, Salomon & Ludwin LLC grew its position in Invesco S&P 500 Momentum ETF by 61.3% during the 4th quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after acquiring an additional 187 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 3.5%
Shares of SPMO stock opened at $157.84 on Tuesday. The firm has a market capitalization of $19.24 billion, a P/E ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a twelve month low of $106.51 and a twelve month high of $158.24. The stock’s fifty day simple moving average is $138.55 and its 200 day simple moving average is $125.65.
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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