Wetzel Investment Advisors Inc. Purchases 1,573 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Wetzel Investment Advisors Inc. increased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,845 shares of the company’s stock after buying an additional 1,573 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 1.8% of Wetzel Investment Advisors Inc.’s holdings, making the stock its 18th biggest holding. Wetzel Investment Advisors Inc. owned about 0.24% of Invesco S&P 500 Momentum ETF worth $3,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after acquiring an additional 113,439 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco S&P 500 Momentum ETF by 61.6% during the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after purchasing an additional 143,810 shares in the last quarter. Principal Securities Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 10.3% during the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after buying an additional 30,133 shares during the period. World Investment Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 1,416.7% in the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after buying an additional 281,038 shares in the last quarter. Finally, Family Investment Center Inc. raised its stake in Invesco S&P 500 Momentum ETF by 1.5% in the third quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock worth $26,582,000 after buying an additional 4,245 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $98.19 on Tuesday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $69.19 and a fifty-two week high of $101.86. The stock’s 50 day simple moving average is $96.87 and its two-hundred day simple moving average is $92.09. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.