Narwhal Capital Management Invests $298,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Narwhal Capital Management acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,135 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors have also added to or reduced their stakes in the company. PSI Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in 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 worth $41,000 after acquiring an additional 210 shares during the last quarter. Continuum Advisory LLC grew its holdings in Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after acquiring 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 during the third quarter valued at $76,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after purchasing an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.1 %

NYSEARCA SPMO opened at $101.33 on Monday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a twelve month low of $69.08 and a twelve month high of $101.86. The stock has a fifty day simple moving average of $96.87 and a 200 day simple moving average of $92.09.

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.