Lifelong Wealth Advisors Inc. Boosts Position in Invesco S&P 500 Momentum ETF $SPMO

Lifelong Wealth Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 66.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,011 shares of the company’s stock after acquiring an additional 11,600 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 0.9% of Lifelong Wealth Advisors Inc.’s portfolio, making the stock its 21st biggest position. Lifelong Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,462,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $27,000. Schroder Investment Management Group purchased a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at about $26,000. Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF in the third quarter worth about $31,000. Dunhill Financial LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter worth about $33,000. Finally, Salomon & Ludwin LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 117.9% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after buying an additional 165 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $114.84 on Wednesday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The stock’s 50 day simple moving average is $118.59 and its two-hundred day simple moving average is $119.51. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.