WealthTrak Capital Management LLC Buys New Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

WealthTrak Capital Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,214 shares of the company’s stock, valued at approximately $400,000.

A number of other institutional investors also recently bought and sold shares of SPMO. Stratos Wealth Partners LTD. increased its stake in shares of Invesco S&P 500 Momentum ETF by 61.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock worth $956,000 after acquiring an additional 3,826 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $14,373,000. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $326,000. Thrivent Financial for Lutherans acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $1,312,000. Finally, Truist Financial Corp boosted its stake in shares of Invesco S&P 500 Momentum ETF by 22.6% in the fourth quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock worth $1,224,000 after buying an additional 2,379 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.4 %

Invesco S&P 500 Momentum ETF stock opened at $92.19 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. The business’s 50-day moving average price is $98.36 and its 200 day moving average price is $95.67.

Invesco S&P 500 Momentum ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued 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 of this dividend was 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.