Strata Wealth Advisors LLC Makes New $248,000 Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Strata Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, HoldingsChannel reports. The firm purchased 3,095 shares of the company’s stock, valued at approximately $248,000.

Several other hedge funds have also recently added to or reduced their stakes in SPMO. Global Trust Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $34,000. Private Trust Co. NA acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $77,000. Bell Investment Advisors Inc acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $151,000. Brookstone Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $214,000. Finally, Foster Group Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $222,000.

Invesco S&P 500 Momentum ETF Trading Down 0.6 %

NYSEARCA SPMO traded down $0.52 during mid-day trading on Friday, hitting $87.46. The company’s stock had a trading volume of 836,374 shares, compared to its average volume of 320,036. The company’s 50 day simple moving average is $82.10 and its 200 day simple moving average is $76.40. Invesco S&P 500 Momentum ETF has a twelve month low of $54.94 and a twelve month high of $89.23. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

Invesco S&P 500 Momentum ETF Company 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.