Theory Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,142 shares of the company’s stock, valued at approximately $1,059,000.
Several other hedge funds have also bought and sold shares of SPMO. PSI Advisors LLC lifted its stake in 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 worth $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC lifted its stake in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $76,000. Finally, AdvisorNet Financial Inc raised its position in shares of Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after buying an additional 601 shares in the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 2.0 %
Shares of NYSEARCA SPMO opened at $99.91 on Friday. The firm’s 50-day moving average price is $98.87 and its 200-day moving average price is $94.16. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a 12-month low of $74.40 and a 12-month 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.
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