Alchemi Wealth LLC Invests $539,000 in Invesco S&P 500 Momentum ETF $SPMO

Alchemi Wealth LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, Holdings Channel reports. The fund acquired 4,518 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $33,000. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth approximately $33,000. Dogwood Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth approximately $44,000. MAI Capital Management purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $50,000. Finally, Salomon & Ludwin LLC boosted its stake in Invesco S&P 500 Momentum ETF by 61.3% in the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after buying an additional 187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $152.48 on Friday. The firm has a market cap of $18.59 billion, a P/E ratio of 29.51 and a beta of 1.11. The stock has a 50 day simple moving average of $137.69 and a two-hundred day simple moving average of $125.31. Invesco S&P 500 Momentum ETF has a 1 year low of $105.74 and a 1 year high of $155.74.

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.