Kingswood Wealth Advisors LLC Purchases 4,863 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Kingswood Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 80.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,942 shares of the company’s stock after acquiring an additional 4,863 shares during the period. Kingswood Wealth Advisors LLC owned approximately 0.07% of Invesco S&P 500 Momentum ETF worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. PSI Advisors LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of 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 purchasing an additional 210 shares during the period. Continuum Advisory LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth about $76,000. Finally, AdvisorNet Financial Inc lifted its stake in Invesco S&P 500 Momentum ETF by 85.7% in the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after acquiring an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $99.41 on Wednesday. Invesco S&P 500 Momentum ETF has a 1-year low of $69.19 and a 1-year high of $101.86. The company has a 50-day moving average of $97.05 and a 200 day moving average of $92.22. The firm has a market cap of $1.60 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.