Beacon Financial Advisory LLC Has $789,000 Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Beacon Financial Advisory LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 97.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,301 shares of the company’s stock after purchasing an additional 4,103 shares during the period. Beacon Financial Advisory LLC owned 0.05% of Invesco S&P 500 Momentum ETF worth $789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPMO. Creative Planning acquired a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $1,262,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 33.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock valued at $466,000 after buying an additional 1,327 shares during the period. Truist Financial Corp increased its position in shares of Invesco S&P 500 Momentum ETF by 17.0% during the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock worth $526,000 after acquiring an additional 872 shares in the last quarter. WealthCare Investment Partners LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 12.9% during the third quarter. WealthCare Investment Partners LLC now owns 34,395 shares of the company’s stock worth $3,131,000 after acquiring an additional 3,928 shares during the period. Finally, StoneCrest Wealth Management Inc. lifted its position in Invesco S&P 500 Momentum ETF by 35.8% in the 3rd quarter. StoneCrest Wealth Management Inc. now owns 58,286 shares of the company’s stock valued at $5,283,000 after acquiring an additional 15,353 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $101.92 on Thursday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The stock’s 50-day moving average is $97.50 and its 200-day moving average is $92.64. Invesco S&P 500 Momentum ETF has a one year low of $72.33 and a one year high of $102.03.

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.