Redmont Wealth Advisors LLC Takes $42,000 Position in Invesco S&P Spin-Off ETF (NYSEARCA:CSD)

Redmont Wealth Advisors LLC bought a new stake in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 592 shares of the company’s stock, valued at approximately $42,000.

Separately, Allworth Financial LP acquired a new position in Invesco S&P Spin-Off ETF in the 4th quarter valued at approximately $26,000.

Invesco S&P Spin-Off ETF Stock Up 0.6 %

Shares of CSD stock traded up $0.45 during mid-day trading on Wednesday, reaching $69.70. The stock had a trading volume of 24 shares, compared to its average volume of 2,440. The firm has a market cap of $57.15 million, a PE ratio of 16.16 and a beta of 1.09. Invesco S&P Spin-Off ETF has a one year low of $52.14 and a one year high of $73.54. The firm’s 50 day simple moving average is $70.56 and its 200 day simple moving average is $67.65.

About Invesco S&P Spin-Off ETF

Guggenheim Spin-Off ETF, formerly Claymore/Beacon Spin-Off ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Spin-off Index (the Index). The Fund will invest at least 90% of its total assets in common stock, American depositary receipts (ADRs) and master limited partnerships (MLPs) that comprise the Index and depositary receipts representing common stocks included in the Index (or underlying securities representing ADRs included in the Index).