Redwood Financial Network Corp Buys Shares of 6,411 Invesco S&P 500 Momentum ETF $SPMO

Redwood Financial Network Corp bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,411 shares of the company’s stock, valued at approximately $765,000.

Other institutional investors also recently bought and sold shares of the company. Dunhill Financial LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $33,000. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $44,000. MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $50,000. Finally, Capital Investment Advisory Services LLC boosted its stake in Invesco S&P 500 Momentum ETF by 90.5% in the third quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock valued at $51,000 after acquiring an additional 200 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $150.59 on Monday. The company has a 50 day moving average of $130.28 and a two-hundred day moving average of $123.04. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a twelve month low of $103.99 and a twelve month high of $151.91.

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.