WealthTrak Capital Management LLC Invests $400,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

WealthTrak Capital Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,214 shares of the company’s stock, valued at approximately $400,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. PSI Advisors LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 110 shares during the period. D.A. Davidson & CO. raised its position in Invesco S&P 500 Momentum ETF by 1.4% in the fourth quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock worth $911,000 after acquiring an additional 134 shares in the last quarter. Weaver Consulting Group lifted its holdings 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 acquiring an additional 204 shares during the period. Global Trust Asset Management LLC boosted 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 worth $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 2.4 %

Shares of NYSEARCA SPMO opened at $92.19 on Friday. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44. The firm has a 50-day moving average price of $98.36 and a 200 day moving average price of $95.67.

Invesco S&P 500 Momentum ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given 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 was 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.