Jackson Wealth Management LLC Buys 1,679 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Jackson Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,329 shares of the company’s stock after purchasing an additional 1,679 shares during the period. Jackson Wealth Management LLC owned 0.15% of Invesco S&P 500 Momentum ETF worth $2,311,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. PSI Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% in the fourth 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. Global Trust Asset Management LLC lifted its position 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 worth $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after acquiring an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at $76,000. Finally, AdvisorNet Financial Inc raised its stake in shares of Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after purchasing an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $100.62 on Wednesday. Invesco S&P 500 Momentum ETF has a 52-week low of $72.21 and a 52-week high of $101.86. The stock’s 50-day simple moving average is $97.42 and its 200 day simple moving average is $92.54. The stock has a market capitalization of $1.62 billion, a price-to-earnings 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.