8,180 Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Acquired by ADG Wealth Management Group LLC

ADG Wealth Management Group LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, Holdings Channel reports. The fund acquired 8,180 shares of the company’s stock, valued at approximately $777,000. Invesco S&P 500 Momentum ETF comprises about 0.7% of ADG Wealth Management Group LLC’s holdings, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PSI Advisors LLC boosted its stake 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 acquiring an additional 110 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after buying an additional 210 shares in the last quarter. Continuum Advisory LLC lifted its stake in Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after buying an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $76,000. Finally, AdvisorNet Financial Inc lifted its stake in Invesco S&P 500 Momentum ETF by 85.7% in the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after buying an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $99.80 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $74.40 and a twelve month high of $103.44. The firm’s 50 day moving average price is $99.18 and its two-hundred day moving average price is $94.74. The firm has a market cap of $5.55 billion, a P/E ratio of 26.90 and a beta of 0.94.

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.