Wealth Enhancement Advisory Services LLC Increases Stake in Invesco S&P 500 Momentum ETF $SPMO

Wealth Enhancement Advisory Services LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 18.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 594,032 shares of the company’s stock after buying an additional 94,122 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $71,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $27,000. Blue Trust Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $31,000. Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $33,000. Finally, Salomon & Ludwin LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 117.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after buying an additional 165 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 1.8%

Shares of Invesco S&P 500 Momentum ETF stock opened at $113.78 on Monday. The business’s fifty day moving average price is $118.81 and its 200 day moving average price is $119.55. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock has a market capitalization of $12.92 billion, a P/E ratio of 29.51 and a beta of 0.98.

Invesco S&P 500 Momentum ETF Company 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.