Weaver Consulting Group Boosts Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Weaver Consulting Group raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,145 shares of the company’s stock after purchasing an additional 204 shares during the period. Weaver Consulting Group owned about 0.07% of Invesco S&P 500 Momentum ETF worth $1,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC raised its holdings in Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $76,000. Richardson Financial Services Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 26.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after purchasing an additional 200 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $158,000. Finally, TKG Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $204,000.

Invesco S&P 500 Momentum ETF Stock Down 1.4 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $96.25 on Wednesday. The business has a 50-day moving average price of $95.88 and a 200 day moving average price of $91.24. Invesco S&P 500 Momentum ETF has a fifty-two week low of $64.87 and a fifty-two week high of $98.76. The firm has a market cap of $1.55 billion, a P/E ratio of 20.66 and a beta of 1.00.

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.