Beacon Financial Advisory LLC Buys 4,103 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Beacon Financial Advisory LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 97.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,301 shares of the company’s stock after acquiring an additional 4,103 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPMO. Trilogy Capital Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 1.6% in the 4th quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock valued at $40,085,000 after buying an additional 6,523 shares in the last quarter. Tectonic Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $247,000. Money Concepts Capital Corp increased 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 worth $58,101,000 after acquiring an additional 50,980 shares during the period. Jackson Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 7.4% in the 4th quarter. Jackson Wealth Management LLC now owns 24,329 shares of the company’s stock worth $2,311,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in 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 worth $956,000 after purchasing an additional 3,826 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.3 %

Shares of SPMO stock opened at $101.92 on Thursday. The stock has a 50 day simple moving average of $97.50 and a 200 day simple moving average of $92.64. Invesco S&P 500 Momentum ETF has a 1 year low of $72.33 and a 1 year high of $102.03. The stock has a market cap of $1.64 billion, a P/E 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.