Vertex Planning Partners LLC Purchases Shares of 26,519 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Vertex Planning Partners LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,519 shares of the company’s stock, valued at approximately $2,520,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its position in Invesco S&P 500 Momentum ETF by 61.3% in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $14,373,000. Jane Street Group LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $326,000. Thrivent Financial for Lutherans acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $1,312,000. Finally, Truist Financial Corp increased its position in shares of Invesco S&P 500 Momentum ETF by 22.6% in the 4th quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock valued at $1,224,000 after purchasing an additional 2,379 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.9 %

Invesco S&P 500 Momentum ETF stock opened at $94.41 on Friday. The company has a fifty day simple moving average of $98.49 and a 200-day simple moving average of $95.62. The stock has a market cap of $5.26 billion, a P/E ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 12-month low of $74.40 and a 12-month high of $103.44.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.1794 per share. This is an increase from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 24th.

About Invesco S&P 500 Momentum ETF

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.