Tectonic Advisors LLC Makes New $247,000 Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Tectonic Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,595 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors have also made changes to their positions in the company. Money Concepts Capital Corp raised its position in Invesco S&P 500 Momentum ETF by 9.1% during the fourth quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after buying an additional 50,980 shares during the period. Jackson Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 7.4% during the 4th quarter. Jackson Wealth Management LLC now owns 24,329 shares of the company’s stock valued at $2,311,000 after acquiring an additional 1,679 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 61.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock valued at $956,000 after purchasing an additional 3,826 shares during the period. MAS Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth approximately $2,038,000. Finally, Tempus Wealth Planning LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $3,713,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $102.87 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $72.87 and a 52 week high of $102.87. The company has a market capitalization of $1.66 billion, a PE ratio of 20.66 and a beta of 1.00. The company’s 50 day moving average price is $97.62 and its 200 day moving average price is $92.71.

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.