Spectrum Planning & Advisory Services Inc. Acquires Shares of 15,779 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Spectrum Planning & Advisory Services Inc. purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,779 shares of the company’s stock, valued at approximately $1,499,000. Invesco S&P 500 Momentum ETF makes up 1.3% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 17th largest holding. Spectrum Planning & Advisory Services Inc. owned approximately 0.10% of Invesco S&P 500 Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPMO. World Investment Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 1,416.7% in the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after purchasing an additional 281,038 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $23,247,000. HBW Advisory Services LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $13,325,000. Cetera Investment Advisers grew its position in Invesco S&P 500 Momentum ETF by 61.6% in the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after acquiring an additional 143,810 shares during the period. Finally, Fischer Investment Strategies LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth $11,215,000.

Invesco S&P 500 Momentum ETF Stock Up 1.2 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $99.41 on Wednesday. The firm has a market cap of $1.60 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52 week low of $69.19 and a 52 week high of $101.86. The business’s fifty day simple moving average is $97.05 and its 200-day simple moving average is $92.22.

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.