Global Trust Asset Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 95.5% during the fourth quarter, HoldingsChannel reports. The firm owned 430 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Global Trust Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $41,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Smart Money Group LLC increased its stake in Invesco S&P 500 Momentum ETF by 4.4% in the fourth quarter. Smart Money Group LLC now owns 255,603 shares of the company’s stock valued at $24,285,000 after purchasing an additional 10,819 shares during the last quarter. My Legacy Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $863,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $279,000. Arkadios Wealth Advisors lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 7.4% during the 4th quarter. Arkadios Wealth Advisors now owns 11,141 shares of the company’s stock worth $1,059,000 after acquiring an additional 766 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth approximately $589,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $100.74 on Thursday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $68.13 and a 1 year high of $101.03. The firm has a 50 day moving average price of $96.52 and a 200 day moving average price of $91.88.
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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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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