Triad Wealth Partners LLC Makes New $3.11 Million Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Triad Wealth Partners LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,719 shares of the company’s stock, valued at approximately $3,109,000. Invesco S&P 500 Momentum ETF accounts for approximately 1.1% of Triad Wealth Partners LLC’s portfolio, making the stock its 23rd biggest holding.

Several other large investors also recently modified their holdings of SPMO. Synergy Investment Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $1,488,000. TSA Wealth Managment LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $3,123,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 8,094.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,878 shares of the company’s stock worth $2,554,000 after acquiring an additional 26,550 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $540,000. Finally, Detalus Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $3,857,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $96.10 on Wednesday. The firm has a 50 day simple moving average of $99.18 and a two-hundred day simple moving average of $94.98. The company has a market cap of $5.35 billion, a P/E ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44.

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.