Nations Financial Group Inc. IA ADV Buys New Position in Invesco S&P 500 Momentum ETF $SPMO

Nations Financial Group Inc. IA ADV acquired a new stake in 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 (SEC). The fund acquired 61,191 shares of the company’s stock, valued at approximately $7,408,000.

Other large investors have also modified their holdings of the company. Castleview Partners LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after acquiring an additional 84 shares during the period. Stephens Inc. AR grew its position in Invesco S&P 500 Momentum ETF by 2.1% during the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 0.7% in the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after purchasing an additional 94 shares during the period. Fourth Dimension Wealth LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 33.3% in the second quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Finally, Sutton Place Investors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.8% in the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock valued at $677,000 after buying an additional 109 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $120.00 on Friday. 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 firm has a 50-day simple moving average of $119.34 and a 200-day simple moving average of $118.29. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.