BlueChip Wealth Advisors LLC Increases Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

BlueChip Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 18.6% in the fourth quarter, Holdings Channel reports. The fund owned 11,856 shares of the company’s stock after purchasing an additional 1,859 shares during the quarter. BlueChip Wealth Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,126,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. PSI Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% in the 4th 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 last quarter. D.A. Davidson & CO. lifted its position in Invesco S&P 500 Momentum ETF by 1.4% in the fourth quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock worth $911,000 after buying an additional 134 shares during the last quarter. Weaver Consulting Group boosted its stake in Invesco S&P 500 Momentum ETF by 1.9% during the fourth quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock worth $1,059,000 after buying an additional 204 shares during the period. Global Trust Asset Management LLC increased its position 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 during the last quarter. Finally, Continuum Advisory LLC raised its stake 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 valued at $67,000 after acquiring an additional 216 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 2.4 %

SPMO stock opened at $92.19 on Friday. The stock has a market cap of $5.13 billion, a PE ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44. The company has a 50-day moving average price of $98.36 and a 200 day moving average price of $95.67.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.1794 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07.

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.