Cardinal Strategic Wealth Guidance Invests $3.53 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Cardinal Strategic Wealth Guidance bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,100 shares of the company’s stock, valued at approximately $3,525,000. Invesco S&P 500 Momentum ETF comprises about 1.1% of Cardinal Strategic Wealth Guidance’s holdings, making the stock its 16th largest position. Cardinal Strategic Wealth Guidance owned approximately 0.23% of Invesco S&P 500 Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Truist Financial Corp grew its position in Invesco S&P 500 Momentum ETF by 17.0% during the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after buying an additional 872 shares during the period. Wedmont Private Capital purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $231,000. Simplicity Wealth LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $213,000. Concourse Financial Group Securities Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 5,036.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 29,228 shares of the company’s stock worth $2,649,000 after purchasing an additional 28,659 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Invesco S&P 500 Momentum ETF by 73.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,533 shares of the company’s stock worth $864,000 after purchasing an additional 4,036 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $102.79 on Tuesday. The stock has a market capitalization of $1.66 billion, a PE ratio of 20.66 and a beta of 1.00. The business has a 50 day simple moving average of $97.86 and a 200-day simple moving average of $92.97. Invesco S&P 500 Momentum ETF has a 12 month low of $72.87 and a 12 month high of $103.09.

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.