Altus Wealth Group LLC Acquires Shares of 36,449 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Altus Wealth Group LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, HoldingsChannel reports. The firm bought 36,449 shares of the company’s stock, valued at approximately $3,463,000. Invesco S&P 500 Momentum ETF makes up approximately 1.5% of Altus Wealth Group LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also recently modified their holdings of SPMO. PSI Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 110 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 95.5% during the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $48,000. Continuum Advisory LLC grew its holdings 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 worth $67,000 after acquiring an additional 216 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $76,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $93.86 on Friday. The stock has a market cap of $5.23 billion, a PE ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44. The stock has a fifty day moving average price of $98.77 and a 200 day moving average price of $95.19.

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.