Avidian Wealth Enterprises LLC Buys 11,555 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Avidian Wealth Enterprises LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,135 shares of the company’s stock after purchasing an additional 11,555 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 0.8% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 23rd largest position. Avidian Wealth Enterprises LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $17,495,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. PSI Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC raised its position in 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 valued at $67,000 after buying an additional 216 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after acquiring an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.1 %

Shares of SPMO opened at $102.89 on Wednesday. Invesco S&P 500 Momentum ETF has a 12 month low of $72.87 and a 12 month high of $103.09. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The firm has a fifty day simple moving average of $97.98 and a 200 day simple moving average of $93.10.

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.