Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Able Wealth Management LLC

Able Wealth Management LLC increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,379 shares of the company’s stock after buying an additional 13,883 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 4.5% of Able Wealth Management LLC’s holdings, making the stock its 2nd largest position. Able Wealth Management LLC owned approximately 0.11% of Invesco S&P 500 Momentum ETF worth $14,364,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $27,000. Blue Trust Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $31,000. Dunhill Financial LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $33,000. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at $33,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 117.9% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after purchasing an additional 165 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

Shares of NYSEARCA SPMO opened at $127.64 on Tuesday. The business has a fifty day simple moving average of $118.58 and a 200-day simple moving average of $119.30. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a 12 month low of $84.86 and a 12 month high of $128.51.

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.