Wetzel Investment Advisors Inc. Acquires 1,573 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Wetzel Investment Advisors Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,845 shares of the company’s stock after acquiring an additional 1,573 shares during the period. Invesco S&P 500 Momentum ETF comprises 1.8% of Wetzel Investment Advisors Inc.’s portfolio, making the stock its 18th biggest position. Wetzel Investment Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after acquiring an additional 281,038 shares during the period. Mainstay Capital Management LLC ADV bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $23,247,000. HBW Advisory Services LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $13,325,000. Cetera Investment Advisers lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.6% in the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after buying an additional 143,810 shares during the period. Finally, Fischer Investment Strategies LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $11,215,000.

Invesco S&P 500 Momentum ETF Trading Down 3.1 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $98.19 on Tuesday. Invesco S&P 500 Momentum ETF has a 12 month low of $69.19 and a 12 month high of $101.86. The stock’s fifty day moving average price is $96.87 and its 200-day moving average price is $92.09. The firm has a market cap of $1.58 billion, a P/E 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.