Colonial River Investments LLC Boosts Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Colonial River Investments LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 59.1% in the 4th quarter, Holdings Channel reports. The firm owned 28,951 shares of the company’s stock after acquiring an additional 10,754 shares during the period. Invesco S&P 500 Momentum ETF accounts for 1.3% of Colonial River Investments LLC’s portfolio, making the stock its 14th biggest holding. Colonial River Investments LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 10.0% in the third 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 raised its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% in the fourth quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock worth $58,101,000 after purchasing an additional 50,980 shares during the last quarter. Trilogy Capital Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 1.6% in the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after purchasing an additional 6,523 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 10.3% in the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock worth $29,173,000 after purchasing an additional 30,133 shares during the last quarter. Finally, Family Investment Center Inc. raised its stake in shares of 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 worth $29,568,000 after purchasing an additional 17,939 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $99.91 on Monday. The stock has a market cap of $5.56 billion, a PE 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. The stock has a fifty day moving average of $98.87 and a 200 day moving average of $94.35.

Invesco S&P 500 Momentum ETF Company 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.