Redmont Wealth Advisors LLC Invests $42,000 in Invesco S&P Spin-Off ETF (NYSEARCA:CSD)

Redmont Wealth Advisors LLC bought a new position in shares of Invesco S&P Spin-Off ETF (NYSEARCA:CSD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 592 shares of the company’s stock, valued at approximately $42,000. Redmont Wealth Advisors LLC owned approximately 0.07% of Invesco S&P Spin-Off ETF as of its most recent SEC filing.

Separately, Allworth Financial LP purchased a new stake in Invesco S&P Spin-Off ETF during the 4th quarter valued at about $26,000.

Invesco S&P Spin-Off ETF Stock Up 0.6 %

NYSEARCA:CSD traded up $0.45 on Wednesday, hitting $69.70. The stock had a trading volume of 24 shares, compared to its average volume of 2,440. The stock has a market cap of $57.15 million, a price-to-earnings ratio of 16.16 and a beta of 1.09. The company has a fifty day moving average price of $70.56 and a two-hundred day moving average price of $67.65. Invesco S&P Spin-Off ETF has a 1-year low of $52.14 and a 1-year high of $73.54.

Invesco S&P Spin-Off ETF Profile

Guggenheim Spin-Off ETF, formerly Claymore/Beacon Spin-Off ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Spin-off Index (the Index). The Fund will invest at least 90% of its total assets in common stock, American depositary receipts (ADRs) and master limited partnerships (MLPs) that comprise the Index and depositary receipts representing common stocks included in the Index (or underlying securities representing ADRs included in the Index).