Sierra Ocean LLC increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,531 shares of the company’s stock after purchasing an additional 4,707 shares during the period. Invesco S&P 500 Momentum ETF accounts for 12.4% of Sierra Ocean LLC’s holdings, making the stock its 2nd biggest holding. Sierra Ocean LLC owned 0.11% of Invesco S&P 500 Momentum ETF worth $14,978,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after purchasing an additional 57,149 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after purchasing an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 7,363.6% in the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after purchasing an additional 15,758 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 68.4% in the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock worth $30,145,000 after purchasing an additional 102,587 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Invesco S&P 500 Momentum ETF by 36.5% in the third quarter. Arkadios Wealth Advisors now owns 21,407 shares of the company’s stock worth $2,592,000 after purchasing an additional 5,725 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 1.4%
Shares of SPMO stock opened at $141.42 on Tuesday. Invesco S&P 500 Momentum ETF has a 12-month low of $101.80 and a 12-month high of $147.87. The stock’s 50-day moving average price is $125.09 and its 200-day moving average price is $121.40. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.
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.
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