Jackson Wealth Management LLC Buys 1,679 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Jackson Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,329 shares of the company’s stock after buying an additional 1,679 shares during the period. Jackson Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,311,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPMO. Stratos Wealth Partners LTD. increased its position in shares of Invesco S&P 500 Momentum ETF by 61.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock valued at $956,000 after purchasing an additional 3,826 shares during the last quarter. MAS Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth $2,038,000. Tempus Wealth Planning LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $3,713,000. WJ Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $5,441,000. Finally, One Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $4,994,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $100.62 on Wednesday. Invesco S&P 500 Momentum ETF has a 1 year low of $72.21 and a 1 year high of $101.86. The stock has a market capitalization of $1.62 billion, a PE ratio of 20.66 and a beta of 1.00. The business’s 50-day moving average is $97.42 and its 200 day moving average is $92.54.

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.