Cypress Wealth Services LLC Acquires 18,456 Shares of Invesco S&P 500 Momentum ETF $SPMO

Cypress Wealth Services LLC grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 74.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,100 shares of the company’s stock after purchasing an additional 18,456 shares during the period. Cypress Wealth Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,143,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPMO. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $27,000. Blue Trust Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $31,000. Dunhill Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 117.9% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after buying an additional 165 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.9%

Shares of SPMO opened at $110.31 on Friday. The company’s fifty day simple moving average is $118.15 and its 200 day simple moving average is $119.38. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.