WealthPoint Financial LLC Invests $1.93 Million in Invesco S&P 500 Momentum ETF $SPMO

WealthPoint Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,143 shares of the company’s stock, valued at approximately $1,926,000. Invesco S&P 500 Momentum ETF accounts for approximately 1.7% of WealthPoint Financial LLC’s portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPMO. Claris Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth $1,238,000. ATX Financial Planning LLC acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $1,656,000. Axxcess Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 10.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 166,557 shares of the company’s stock valued at $19,874,000 after buying an additional 15,724 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $339,000. Finally, High Falls Advisors Inc acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $295,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $159.90 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $106.57 and a fifty-two week high of $160.65. The firm has a 50-day simple moving average of $141.01 and a 200-day simple moving average of $126.43. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11.

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.