Patten Group Inc. Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Patten Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,614 shares of the company’s stock, valued at approximately $1,147,000.

Other large investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $27,000. Blue Trust Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $31,000. Dunhill Financial LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $33,000. Salomon & Ludwin LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 117.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after purchasing an additional 165 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $45,000.

Invesco S&P 500 Momentum ETF Trading Up 1.0%

Shares of SPMO opened at $124.59 on Tuesday. The firm’s 50-day moving average price is $117.74 and its 200-day moving average price is $119.07. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a 1-year low of $84.86 and a 1-year high of $124.61.

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.