BlackDiamond Wealth Management LLC Purchases New Shares in Invesco S&P 500 Momentum ETF $SPMO

BlackDiamond Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, HoldingsChannel reports. The firm purchased 10,939 shares of the company’s stock, valued at approximately $1,329,000.

Other large investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after acquiring an additional 57,149 shares in the last quarter. IFP Advisors Inc boosted its holdings in Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after acquiring an additional 5,361 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 7,363.6% in the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after acquiring an additional 15,758 shares in the last quarter. Ascent Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 68.4% in the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock valued at $30,145,000 after acquiring an additional 102,587 shares in the last quarter. Finally, Able Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after buying an additional 13,883 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.5%

Shares of SPMO stock opened at $155.09 on Thursday. Invesco S&P 500 Momentum ETF has a 12 month low of $105.30 and a 12 month high of $155.74. The stock has a market cap of $18.91 billion, a PE ratio of 29.51 and a beta of 1.09. The company’s fifty day moving average price is $132.63 and its 200-day moving average price is $123.77.

About Invesco S&P 500 Momentum ETF

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.