One Capital Management LLC Buys 62,306 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

One Capital Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380,906 shares of the company’s stock after buying an additional 62,306 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 1.2% of One Capital Management LLC’s investment portfolio, making the stock its 24th largest position. One Capital Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $36,190,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SPMO. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $14,373,000. Atria Investments Inc boosted its position in Invesco S&P 500 Momentum ETF by 31.2% in the fourth quarter. Atria Investments Inc now owns 15,052 shares of the company’s stock valued at $1,430,000 after buying an additional 3,581 shares in the last quarter. Assetmark Inc. grew its position in Invesco S&P 500 Momentum ETF by 6,113.9% during the 4th quarter. Assetmark Inc. now owns 23,675 shares of the company’s stock worth $2,249,000 after acquiring an additional 23,294 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $3,109,000. Finally, Synergy Investment Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at $1,488,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $97.22 on Thursday. The firm has a market cap of $5.41 billion, a P/E ratio of 26.90 and a beta of 0.94. The firm’s fifty day moving average is $99.17 and its 200-day moving average is $95.00. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44.

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.