BlueChip Wealth Advisors LLC Acquires 1,859 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

BlueChip Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,856 shares of the company’s stock after purchasing an additional 1,859 shares during the quarter. BlueChip Wealth Advisors LLC owned approximately 0.07% of Invesco S&P 500 Momentum ETF worth $1,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PSI Advisors LLC grew its holdings in 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 valued at $27,000 after buying an additional 110 shares in the last quarter. Global Trust Asset Management LLC grew 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 valued at $41,000 after acquiring an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $48,000. Continuum Advisory LLC increased its holdings in 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 last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $76,000.

Invesco S&P 500 Momentum ETF Stock Down 2.4 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $92.19 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $74.40 and a twelve month high of $103.44. The business has a 50-day moving average price of $98.36 and a 200-day moving average price of $95.67. The firm has a market cap of $5.13 billion, a price-to-earnings 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 was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1794 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07.

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.