Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by WealthPLAN Partners LLC

WealthPLAN Partners LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,058 shares of the company’s stock after acquiring an additional 5,069 shares during the quarter. WealthPLAN Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 53.8% in the 4th quarter. Resurgent Financial Advisors LLC now owns 3,473 shares of the company’s stock valued at $414,000 after purchasing an additional 1,215 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 3.0% in the 4th quarter. Great Valley Advisor Group Inc. now owns 49,689 shares of the company’s stock valued at $5,929,000 after buying an additional 1,436 shares during the period. Kovack Advisors Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 20.4% during the fourth quarter. Kovack Advisors Inc. now owns 286,372 shares of the company’s stock worth $34,170,000 after buying an additional 48,553 shares in the last quarter. Legacy Capital Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $16,005,000. Finally, Entelevest LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $2,287,000.

Invesco S&P 500 Momentum ETF Stock Up 4.8%

Shares of NYSEARCA:SPMO opened at $150.58 on Friday. The firm’s 50 day moving average price is $136.93 and its 200 day moving average price is $125.12. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a fifty-two week low of $105.74 and a fifty-two week high of $155.74.

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.