Winnacle Wealth LLC Makes New $1.22 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Winnacle Wealth LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,040 shares of the company’s stock, valued at approximately $1,219,000.

A number of other large investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in shares of 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 worth $238,973,000 after acquiring an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV lifted its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after purchasing an additional 138,915 shares during the period. Redwood Investment Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares during the period. Private Advisor Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 6.8% in the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after purchasing an additional 35,630 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 3.3% in the 1st quarter. Sanctuary Advisors LLC now owns 288,988 shares of the company’s stock valued at $32,398,000 after purchasing an additional 9,187 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $145.18 on Thursday. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The stock’s 50-day moving average is $149.54 and its 200 day moving average is $144.74. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.