Smith Shellnut Wilson LLC ADV Purchases 12,692 Shares of Invesco S&P 500 Momentum ETF $SPMO

Smith Shellnut Wilson LLC ADV purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,692 shares of the company’s stock, valued at approximately $1,924,000.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV increased its stake in Invesco S&P 500 Momentum ETF by 22.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after purchasing an additional 138,915 shares during the period. Alpine Bank Wealth Management increased its stake in Invesco S&P 500 Momentum ETF by 1.4% in the third quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock valued at $75,492,000 after purchasing an additional 7,043 shares during the period. Redwood Investment Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 5.3% in the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after purchasing an additional 33,157 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 6.8% in the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after buying an additional 35,630 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $143.15 on Thursday. The company has a 50-day simple moving average of $148.84 and a 200-day simple moving average of $145.81. 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 market capitalization of $22.07 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.