Global Wealth Management Investment Advisory Inc. Purchases Shares of 4,789 Invesco S&P 500 Momentum ETF $SPMO

Global Wealth Management Investment Advisory Inc. purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,789 shares of the company’s stock, valued at approximately $571,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $33,000. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $33,000. Dogwood Wealth Management LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $44,000. Finally, MAI Capital Management acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $50,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $144.45 on Wednesday. Invesco S&P 500 Momentum ETF has a 52-week low of $101.80 and a 52-week high of $146.79. The firm has a 50 day moving average price of $123.10 and a two-hundred day moving average price of $120.77. The stock has a market cap of $17.61 billion, a P/E ratio of 29.51 and a beta of 1.09.

Invesco S&P 500 Momentum ETF 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.