Legacy Financial Strategies LLC Invests $4.27 Million in Invesco S&P 500 Momentum ETF $SPMO

Legacy Financial Strategies LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,262 shares of the company’s stock, valued at approximately $4,269,000. Invesco S&P 500 Momentum ETF accounts for about 0.8% of Legacy Financial Strategies LLC’s portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $27,000. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Momentum ETF by 99.2% during the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after buying an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $31,000. Finally, Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at about $31,000.

Invesco S&P 500 Momentum ETF Stock Up 3.3%

Invesco S&P 500 Momentum ETF stock opened at $119.84 on Monday. The business has a 50 day moving average price of $119.60 and a two-hundred day moving average price of $119.02. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.