Brand Asset Management Group Inc. Acquires 795 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Brand Asset Management Group Inc. raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 34.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,107 shares of the company’s stock after acquiring an additional 795 shares during the period. Brand Asset Management Group Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $295,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. RDA Financial Network bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth about $400,000. StoneCrest Wealth Management Inc. boosted its position in Invesco S&P 500 Momentum ETF by 5.9% in the fourth quarter. StoneCrest Wealth Management Inc. now owns 61,705 shares of the company’s stock valued at $5,863,000 after buying an additional 3,419 shares in the last quarter. Cypress Wealth Services LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $2,073,000. Retireful LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $1,714,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Invesco S&P 500 Momentum ETF by 100.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,078 shares of the company’s stock valued at $1,813,000 after purchasing an additional 9,545 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.1 %

Invesco S&P 500 Momentum ETF stock opened at $98.65 on Friday. The stock has a 50-day simple moving average of $96.41 and a 200 day simple moving average of $91.70. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12-month low of $66.52 and a 12-month high of $98.79.

Invesco S&P 500 Momentum ETF Company 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.