WESPAC Advisors LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

WESPAC Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 4,489 shares of the company’s stock, valued at approximately $680,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPMO. SG Americas Securities LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.0% during the first quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock worth $131,000 after purchasing an additional 87 shares during the period. Blue Trust Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the period. Peregrine Asset Advisers Inc. raised its position in Invesco S&P 500 Momentum ETF by 3.1% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after purchasing an additional 100 shares during the last quarter. Eagle Strategies LLC raised its position in Invesco S&P 500 Momentum ETF by 6.4% during the 3rd quarter. Eagle Strategies LLC now owns 1,703 shares of the company’s stock valued at $258,000 after purchasing an additional 102 shares during the last quarter. Finally, City Center Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 8.2% during the 3rd quarter. City Center Advisors LLC now owns 1,357 shares of the company’s stock valued at $206,000 after purchasing an additional 103 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $140.55 on Tuesday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The stock has a 50 day simple moving average of $148.34 and a two-hundred day simple moving average of $137.30. The stock has a market cap of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10.

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.