Cardinal Strategic Wealth Guidance Takes $3.53 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Cardinal Strategic Wealth Guidance purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 37,100 shares of the company’s stock, valued at approximately $3,525,000. Invesco S&P 500 Momentum ETF accounts for approximately 1.1% of Cardinal Strategic Wealth Guidance’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently added to or reduced their stakes in SPMO. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after purchasing an additional 113,439 shares during the last quarter. Money Concepts Capital Corp increased its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% in the 4th quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock worth $58,101,000 after acquiring an additional 50,980 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.6% during the 4th quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after acquiring an additional 6,523 shares during the period. Principal Securities Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 10.3% during the 3rd quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after acquiring an additional 30,133 shares during the last quarter. Finally, Family Investment Center Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 6.1% in the fourth quarter. Family Investment Center Inc. now owns 311,213 shares of the company’s stock valued at $29,568,000 after purchasing an additional 17,939 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $102.79 on Tuesday. The firm’s 50-day moving average is $97.86 and its two-hundred day moving average is $92.97. The company has a market capitalization of $1.66 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $72.87 and a 12 month high of $103.09.

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.