142,623 Shares in Invesco S&P 500 Momentum ETF $SPMO Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, HoldingsChannel reports. The firm purchased 142,623 shares of the company’s stock, valued at approximately $21,619,000.

Several other institutional investors have also made changes to their positions in SPMO. Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after acquiring an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV increased its position in shares of Invesco S&P 500 Momentum ETF by 22.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the period. Redwood Investment Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 5.3% in the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock worth $73,574,000 after purchasing an additional 33,157 shares during the period. MML Investors Services LLC raised its stake in Invesco S&P 500 Momentum ETF by 1.2% in the fourth quarter. MML Investors Services LLC now owns 567,000 shares of the company’s stock valued at $67,654,000 after purchasing an additional 6,640 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after purchasing an additional 35,630 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 1.6%

SPMO stock traded down $2.42 during mid-day trading on Thursday, hitting $150.59. The stock had a trading volume of 853,911 shares, compared to its average volume of 1,941,783. The firm has a fifty day simple moving average of $149.33 and a 200 day simple moving average of $143.51. The firm has a market capitalization of $23.00 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

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.