ADG Wealth Management Group LLC Invests $777,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

ADG Wealth Management Group LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,180 shares of the company’s stock, valued at approximately $777,000. Invesco S&P 500 Momentum ETF comprises 0.7% of ADG Wealth Management Group LLC’s investment portfolio, making the stock its 16th biggest position. ADG Wealth Management Group LLC owned approximately 0.05% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPMO. PSI Advisors LLC boosted 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 worth $27,000 after buying an additional 110 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 1.4% during the 4th quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock worth $911,000 after buying an additional 134 shares during the period. Weaver Consulting Group boosted its holdings 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 buying an additional 204 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of 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 worth $41,000 after buying an additional 210 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 1.8 %

NYSEARCA SPMO opened at $99.80 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44. The company has a fifty day simple moving average of $99.18 and a 200 day simple moving average of $94.74. The company 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.