WJ Wealth Management LLC Purchases New Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

WJ Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 57,272 shares of the company’s stock, valued at approximately $5,441,000. Invesco S&P 500 Momentum ETF makes up 1.9% of WJ Wealth Management LLC’s holdings, making the stock its 17th largest position.

Other hedge funds have also made changes to their positions in the company. PSI Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares in the last quarter. Weaver Consulting Group grew its holdings in Invesco S&P 500 Momentum ETF by 1.9% in the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock valued at $1,059,000 after buying an additional 204 shares in the last quarter. Global Trust Asset Management LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 44.2% during 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 last quarter. Finally, Trinity Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 8.5% in the fourth quarter. Trinity Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $341,000 after purchasing an additional 280 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $99.99 on Tuesday. The firm’s 50-day moving average is $97.33 and its two-hundred day moving average is $92.45. Invesco S&P 500 Momentum ETF has a 12 month low of $72.21 and a 12 month high of $101.86. The company has a market capitalization of $1.61 billion, a PE ratio of 20.66 and a beta of 1.00.

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.