Private Advisor Group LLC Buys 77,723 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Private Advisor Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 302.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,390 shares of the company’s stock after purchasing an additional 77,723 shares during the period. Private Advisor Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,823,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPMO. LPL Financial LLC raised its position in Invesco S&P 500 Momentum ETF by 10.0% in the 3rd quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after purchasing an additional 113,439 shares during the last quarter. Money Concepts Capital Corp increased its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% in the 4th quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after buying an additional 50,980 shares during the period. Trilogy Capital Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 1.6% during the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after acquiring an additional 6,523 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 10.3% during the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after acquiring an additional 30,133 shares during the period. Finally, Family Investment Center Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 6.1% in the fourth quarter. Family Investment Center Inc. now owns 311,213 shares of the company’s stock valued at $29,568,000 after acquiring an additional 17,939 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 1.1 %

Shares of SPMO stock opened at $101.91 on Friday. The firm has a market cap of $1.64 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 $72.99 and a 12 month high of $103.44. The stock has a 50-day moving average price of $98.83 and a 200 day moving average price of $94.01.

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.