J.W. Cole Advisors Inc. Increases Stake in Invesco S&P 500 Momentum ETF $SPMO

J.W. Cole Advisors Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,477 shares of the company’s stock after acquiring an additional 5,893 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Convergence Financial LLC raised its position in Invesco S&P 500 Momentum ETF by 1.1% during the fourth quarter. Convergence Financial LLC now owns 36,116 shares of the company’s stock valued at $4,309,000 after acquiring an additional 380 shares in the last quarter. Verus Capital Partners LLC raised its position in Invesco S&P 500 Momentum ETF by 31.9% during the fourth quarter. Verus Capital Partners LLC now owns 12,715 shares of the company’s stock valued at $1,517,000 after acquiring an additional 3,073 shares in the last quarter. Lido Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $206,000. Evolution Wealth Management Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 70.9% in the fourth quarter. Evolution Wealth Management Inc. now owns 12,662 shares of the company’s stock valued at $1,511,000 after buying an additional 5,252 shares in the last quarter. Finally, TAGStone Capital Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 63.4% in the fourth quarter. TAGStone Capital Inc. now owns 4,215 shares of the company’s stock valued at $503,000 after buying an additional 1,636 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $144.28 on Monday. The stock has a market capitalization of $17.59 billion, a PE ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12 month low of $105.74 and a 12 month high of $155.74. The business has a 50 day simple moving average of $133.97 and a 200-day simple moving average of $124.21.

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.