Sanctuary Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,988 shares of the company’s stock after buying an additional 9,187 shares during the quarter. Sanctuary Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $32,398,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Sigma Planning Corp raised its holdings in shares of Invesco S&P 500 Momentum ETF by 5.8% during the 1st quarter. Sigma Planning Corp now owns 55,845 shares of the company’s stock valued at $6,261,000 after buying an additional 3,086 shares during the period. Mosaic Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $286,000. Wealthgarden F.S. LLC grew its position in Invesco S&P 500 Momentum ETF by 3.3% in the first quarter. Wealthgarden F.S. LLC now owns 11,269 shares of the company’s stock valued at $1,263,000 after acquiring an additional 357 shares in the last quarter. Nwam LLC grew its position in Invesco S&P 500 Momentum ETF by 30.4% in the first quarter. Nwam LLC now owns 4,354 shares of the company’s stock valued at $488,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Retirement Planning Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $433,000.
Invesco S&P 500 Momentum ETF Stock Up 2.1%
SPMO opened at $152.86 on Wednesday. The firm’s 50 day moving average is $150.49 and its 200-day moving average is $130.84. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The firm has a market capitalization of $21.88 billion, a P/E ratio of 29.51 and a beta of 1.09.
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.
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