RFG Advisory LLC Takes $644,000 Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

RFG Advisory LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,783 shares of the company’s stock, valued at approximately $644,000.

Several other large investors also recently added to or reduced their stakes in SPMO. World Investment Advisors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after purchasing an additional 281,038 shares during the period. Mainstay Capital Management LLC ADV bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $23,247,000. HBW Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth about $13,325,000. Cetera Investment Advisers boosted its position in shares of Invesco S&P 500 Momentum ETF by 61.6% in the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after acquiring an additional 143,810 shares during the period. Finally, Fischer Investment Strategies LLC purchased a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $11,215,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $101.33 on Monday. The company’s 50 day simple moving average is $96.87 and its two-hundred day simple moving average is $92.09. Invesco S&P 500 Momentum ETF has a 1 year low of $69.08 and a 1 year high of $101.86. The stock has a market capitalization of $1.63 billion, a PE ratio of 20.66 and a beta of 1.00.

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.