OneAscent Financial Services LLC Invests $591,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

OneAscent Financial Services LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,225 shares of the company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPMO. PSI Advisors LLC lifted its holdings in shares of 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 valued at $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC lifted its stake 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 purchasing an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth about $48,000. Continuum Advisory LLC grew its stake in shares of 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, Legacy Investment Solutions LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $76,000.

Invesco S&P 500 Momentum ETF Stock Up 1.0 %

NYSEARCA SPMO opened at $94.14 on Thursday. The business has a 50 day moving average price of $97.97 and a two-hundred day moving average price of $95.84. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The stock has a market cap of $5.49 billion, a PE ratio of 24.93 and a beta of 0.93.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.1794 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07.

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.