Wealthgarden F.S. LLC Has $1.30 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Wealthgarden F.S. LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 55.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,912 shares of the company’s stock after buying an additional 3,892 shares during the quarter. Wealthgarden F.S. LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,297,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its stake in Invesco S&P 500 Momentum ETF by 40.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 20,477 shares of the company’s stock worth $2,388,000 after buying an additional 5,893 shares during the period. Convergence Financial LLC raised its stake in Invesco S&P 500 Momentum ETF by 1.1% during the 4th quarter. Convergence Financial LLC now owns 36,116 shares of the company’s stock worth $4,309,000 after buying an additional 380 shares during the period. Verus Capital Partners LLC raised its stake in Invesco S&P 500 Momentum ETF by 31.9% during the 4th quarter. Verus Capital Partners LLC now owns 12,715 shares of the company’s stock worth $1,517,000 after buying an additional 3,073 shares during the period. Lido Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $206,000. Finally, Evolution Wealth Management Inc. raised its stake in Invesco S&P 500 Momentum ETF by 70.9% during the 4th quarter. Evolution Wealth Management Inc. now owns 12,662 shares of the company’s stock worth $1,511,000 after buying an additional 5,252 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $144.28 on Friday. The stock’s 50 day simple moving average is $133.97 and its 200 day simple moving average is $124.16. Invesco S&P 500 Momentum ETF has a fifty-two week low of $105.74 and a fifty-two week high of $155.74. The company has a market cap of $17.59 billion, a P/E ratio of 29.51 and a beta of 1.11.

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.