Vertex Planning Partners LLC Acquires New Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Vertex Planning Partners LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,519 shares of the company’s stock, valued at approximately $2,520,000. Vertex Planning Partners LLC owned about 0.16% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PSI Advisors LLC increased its position 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 purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in 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 buying an additional 210 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $48,000. Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $76,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $94.41 on Friday. 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 company has a 50 day moving average price of $98.49 and a 200 day moving average price of $95.62. The stock has a market capitalization of $5.26 billion, a P/E ratio of 24.89 and a beta of 0.93.

Invesco S&P 500 Momentum ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.1794 per share. This is a positive change from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date is Monday, March 24th.

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.