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

Avidian Wealth Enterprises LLC increased 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 184,135 shares of the company’s stock after buying 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 biggest holding. Avidian Wealth Enterprises LLC owned approximately 1.14% of Invesco S&P 500 Momentum ETF worth $17,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PSI Advisors LLC boosted its stake in Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 110 shares in the last quarter. Weaver Consulting Group increased its position in shares of Invesco S&P 500 Momentum ETF by 1.9% during the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock worth $1,059,000 after purchasing an additional 204 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in 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 valued at $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC boosted its position 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. Finally, Trinity Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 8.5% during the fourth quarter. Trinity Wealth Management LLC now owns 3,593 shares of the company’s stock worth $341,000 after buying an additional 280 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.1 %

NYSEARCA:SPMO opened at $102.89 on Wednesday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $72.87 and a 1 year high of $103.09. The firm has a 50 day moving average of $97.98 and a 200-day 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.