Pinnacle Wealth Management Advisory Group LLC Invests $441,000 in Invesco S&P 500 Momentum ETF $SPMO

Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 3,935 shares of the company’s stock, valued at approximately $441,000.

Several other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC grew its position in Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after purchasing an additional 182,485 shares during the period. CWM LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after buying an additional 374,417 shares during the last quarter. Morgan Stanley boosted its stake in shares of Invesco S&P 500 Momentum ETF by 8.1% in the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after buying an additional 199,934 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after acquiring an additional 385,146 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $154.20 on Monday. The stock has a market cap of $18.80 billion, a PE ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The stock has a fifty day moving average of $144.97 and a 200 day moving average of $128.01.

Invesco S&P 500 Momentum ETF Company 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.