Goldstein Advisors LLC Buys New Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Goldstein Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 107,396 shares of the company’s stock, valued at approximately $10,204,000. Invesco S&P 500 Momentum ETF comprises about 1.5% of Goldstein Advisors LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth about $1,740,000. AE Wealth Management LLC grew its position in Invesco S&P 500 Momentum ETF by 18.6% during the 2nd quarter. AE Wealth Management LLC now owns 11,380 shares of the company’s stock worth $995,000 after acquiring an additional 1,784 shares during the last quarter. Marshall Wace LLP increased its stake in Invesco S&P 500 Momentum ETF by 221.6% in the 2nd quarter. Marshall Wace LLP now owns 92,951 shares of the company’s stock worth $8,129,000 after purchasing an additional 64,044 shares during the period. MidWestOne Financial Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $237,000. Finally, Creative Planning purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at approximately $1,262,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $100.74 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $68.13 and a 52-week high of $101.03. The company’s 50 day moving average price is $96.52 and its 200-day moving average price is $91.88. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.