Cardinal Strategic Wealth Guidance Acquires 22,165 Shares of Invesco S&P 500 Momentum ETF $SPMO

Cardinal Strategic Wealth Guidance grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 54.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,854 shares of the company’s stock after acquiring an additional 22,165 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 2.0% of Cardinal Strategic Wealth Guidance’s investment portfolio, making the stock its 13th largest position. Cardinal Strategic Wealth Guidance owned about 0.06% of Invesco S&P 500 Momentum ETF worth $7,500,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. CWM LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after acquiring an additional 369,627 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after acquiring an additional 374,417 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $317,167,000. Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after acquiring an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after acquiring an additional 287,098 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $128.30 on Monday. The company has a market cap of $15.03 billion, a PE ratio of 29.51 and a beta of 1.02. The stock has a 50-day moving average price of $118.46 and a 200-day moving average price of $119.25. Invesco S&P 500 Momentum ETF has a 12-month low of $84.86 and a 12-month high of $128.43.

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.