Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) is Smart Money Group LLC’s 3rd Largest Position

Smart Money Group LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.4% in the 4th quarter, Holdings Channel reports. The fund owned 255,603 shares of the company’s stock after acquiring an additional 10,819 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 8.4% of Smart Money Group LLC’s holdings, making the stock its 3rd biggest position. Smart Money Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $24,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. My Legacy Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth $863,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth $279,000. Arkadios Wealth Advisors increased its holdings in shares of Invesco S&P 500 Momentum ETF by 7.4% in the 4th quarter. Arkadios Wealth Advisors now owns 11,141 shares of the company’s stock valued at $1,059,000 after purchasing an additional 766 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $589,000. Finally, Brand Asset Management Group Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 34.4% during the fourth quarter. Brand Asset Management Group Inc. now owns 3,107 shares of the company’s stock worth $295,000 after buying an additional 795 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.1 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $98.65 on Monday. The company has a 50-day moving average of $96.41 and a two-hundred day moving average of $91.74. Invesco S&P 500 Momentum ETF has a 12-month low of $66.52 and a 12-month high of $98.79. The stock has a market cap of $1.59 billion, a PE ratio of 20.66 and a beta of 1.00.

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.