Altus Wealth Group LLC Invests $3.46 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Altus Wealth Group LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,449 shares of the company’s stock, valued at approximately $3,463,000. Invesco S&P 500 Momentum ETF comprises 1.5% of Altus Wealth Group LLC’s investment portfolio, making the stock its 15th largest position. Altus Wealth Group LLC owned 0.23% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPMO. Mainstay Capital Management LLC ADV increased its stake in Invesco S&P 500 Momentum ETF by 374.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after purchasing an additional 960,418 shares during the period. World Investment Advisors LLC increased its position in Invesco S&P 500 Momentum ETF by 1,416.7% in the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares during the period. Austin Private Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter valued at approximately $14,567,000. Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter valued at approximately $14,373,000. Finally, Fortis Group Advisors LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 93.7% in the 4th quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock valued at $27,457,000 after purchasing an additional 139,785 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $93.86 on Friday. The business has a 50 day simple moving average of $98.77 and a 200-day simple moving average of $95.19. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44. The stock has a market capitalization of $5.23 billion, a PE ratio of 24.89 and a beta of 0.93.

About Invesco S&P 500 Momentum ETF

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.