Steward Partners Investment Advisory LLC Acquires 26,550 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Steward Partners Investment Advisory LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8,094.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,878 shares of the company’s stock after acquiring an additional 26,550 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. PSI Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 95.5% during the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $76,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after acquiring an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $94.54 on Friday. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44. The stock has a fifty day moving average of $99.07 and a 200-day moving average of $95.03.

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.