Retirement Planning Group LLC Purchases New Holdings in Invesco S&P 500 Momentum ETF $SPMO

Retirement Planning Group LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 1st quarter, Holdings Channel.com reports. The fund purchased 3,862 shares of the company’s stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after acquiring an additional 57,149 shares during the period. IFP Advisors Inc increased its stake in shares of Invesco S&P 500 Momentum ETF by 98.0% during the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after purchasing an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 7,363.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after purchasing an additional 15,758 shares during the period. Able Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 13.0% in the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after purchasing an additional 13,883 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC lifted its stake in Invesco S&P 500 Momentum ETF by 1,035.6% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after purchasing an additional 17,916 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $150.00 on Thursday. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a market capitalization of $21.48 billion, a P/E ratio of 29.51 and a beta of 1.09. The stock has a 50-day simple moving average of $150.66 and a 200 day simple moving average of $131.04.

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.