Iams Wealth Management LLC Purchases 8,458 Shares of Invesco S&P 500 Momentum ETF $SPMO

Iams Wealth Management LLC boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 141.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,444 shares of the company’s stock after purchasing an additional 8,458 shares during the quarter. Iams Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,724,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV raised its holdings in Invesco S&P 500 Momentum ETF by 6.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 65,254 shares of the company’s stock worth $7,786,000 after purchasing an additional 4,063 shares in the last quarter. CWM LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after acquiring an additional 369,627 shares in the last quarter. XY Planning Network Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at $954,000. Elevation Capital Advisory LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at $361,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 58,661 shares of the company’s stock valued at $6,999,000 after acquiring an additional 25,039 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $126.74 on Friday. Invesco S&P 500 Momentum ETF has a 1-year low of $84.86 and a 1-year high of $126.95. The business has a fifty day moving average price of $118.29 and a 200-day moving average price of $119.22. The company has a market capitalization of $14.76 billion, a PE ratio of 29.51 and a beta of 1.02.

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.