113,810 Shares in Invesco S&P 500 Momentum ETF $SPMO Acquired by Green Ridge Wealth Planning LLC

Green Ridge Wealth Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, Holdings Channel.com reports. The fund bought 113,810 shares of the company’s stock, valued at approximately $13,580,000. Invesco S&P 500 Momentum ETF accounts for about 6.9% of Green Ridge Wealth Planning LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPMO. Lantern Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 3.5% during the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock worth $319,000 after buying an additional 88 shares during the period. Santori & Peters Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 2.9% in the 4th quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock valued at $417,000 after buying an additional 100 shares during the period. Fourth Dimension Wealth LLC lifted its stake in Invesco S&P 500 Momentum ETF by 20.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock worth $72,000 after acquiring an additional 100 shares in the last quarter. Triumph Capital Management lifted its stake in Invesco S&P 500 Momentum ETF by 19.0% during the 4th quarter. Triumph Capital Management now owns 671 shares of the company’s stock worth $80,000 after acquiring an additional 107 shares in the last quarter. Finally, ArborFi Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 0.4% during the 4th quarter. ArborFi Advisors LLC now owns 28,233 shares of the company’s stock valued at $3,369,000 after acquiring an additional 113 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $159.90 on Friday. The company has a market cap of $19.50 billion, a P/E ratio of 29.51 and a beta of 1.11. The stock has a 50-day moving average of $141.78 and a two-hundred day moving average of $126.66. Invesco S&P 500 Momentum ETF has a 1-year low of $106.57 and a 1-year high of $160.65.

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.