Henrickson Nauta Wealth Advisors Inc. Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Henrickson Nauta Wealth Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 4,575 shares of the company’s stock, valued at approximately $553,000.

Several other institutional investors have also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the period. Kestra Advisory Services LLC raised its holdings in Invesco S&P 500 Momentum ETF by 21.4% in the first quarter. Kestra Advisory Services LLC now owns 16,274 shares of the company’s stock worth $1,506,000 after purchasing an additional 2,868 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at $40,743,000. Baird Financial Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at $416,000. Finally, Royal Bank of Canada boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 267.7% during the 1st quarter. Royal Bank of Canada now owns 236,431 shares of the company’s stock valued at $21,877,000 after buying an additional 172,127 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $121.38 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The company has a 50-day moving average of $119.66 and a 200 day moving average of $117.17.

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.