Centerpoint Advisory Group Invests $1.52 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Centerpoint Advisory Group acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,011 shares of the company’s stock, valued at approximately $1,521,000. Invesco S&P 500 Momentum ETF makes up 1.5% of Centerpoint Advisory Group’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 110 shares during the last quarter. Global Trust Asset Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC boosted its stake in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc increased its stake in Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after purchasing an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.2 %

NYSEARCA SPMO opened at $103.06 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $72.99 and a 12-month high of $103.42. The company has a fifty day simple moving average of $98.36 and a two-hundred day simple moving average of $93.56. The stock has a market cap of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00.

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.