Austin Private Wealth LLC Buys New Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Austin Private Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, HoldingsChannel.com reports. The firm bought 153,321 shares of the company’s stock, valued at approximately $14,567,000. Invesco S&P 500 Momentum ETF comprises about 1.3% of Austin Private Wealth LLC’s portfolio, making the stock its 20th largest position.

Other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the period. Weaver Consulting Group increased its stake in Invesco S&P 500 Momentum ETF by 1.9% in the fourth quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock valued at $1,059,000 after purchasing an additional 204 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after buying an additional 210 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after purchasing an additional 216 shares during the period. Finally, Convergence Financial LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 1.1% during the 3rd quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock worth $3,701,000 after acquiring an additional 451 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.6 %

NYSEARCA:SPMO opened at $100.04 on Friday. The stock’s 50 day moving average price is $97.24 and its two-hundred day moving average price is $92.33. Invesco S&P 500 Momentum ETF has a twelve month low of $69.19 and a twelve month high of $101.86. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.