National Wealth Management Group LLC Makes New $1.99 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

National Wealth Management Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,138 shares of the company’s stock, valued at approximately $1,991,000.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after acquiring an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV lifted its position in shares of Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares in the last quarter. Alpine Bank Wealth Management lifted its position in shares of Invesco S&P 500 Momentum ETF by 1.4% during the third quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock worth $75,492,000 after purchasing an additional 7,043 shares in the last quarter. Redwood Investment Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 5.3% during the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after purchasing an additional 35,630 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $140.55 on Tuesday. The stock has a market capitalization of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10. The company’s 50 day simple moving average is $148.34 and its 200-day simple moving average is $137.30. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30.

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.