Financial Architects LLC Invests $467,000 in Invesco S&P 500 Momentum ETF $SPMO

Financial Architects LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,155 shares of the company’s stock, valued at approximately $467,000. Invesco S&P 500 Momentum ETF comprises approximately 0.3% of Financial Architects LLC’s investment portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth $28,000. WealthShield Partners LLC grew its stake in Invesco S&P 500 Momentum ETF by 51.2% during the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after buying an additional 104 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth $40,000. Sound Income Strategies LLC grew its stake in Invesco S&P 500 Momentum ETF by 1,859.3% during the 1st quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after buying an additional 502 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in Invesco S&P 500 Momentum ETF by 41.2% during the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $120.09 on Friday. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.30. The stock’s fifty day moving average price is $118.03 and its 200 day moving average price is $107.30. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.

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.