Strategic Blueprint LLC Acquires Shares of 8,043 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Strategic Blueprint LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,043 shares of the company’s stock, valued at approximately $764,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PSI Advisors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% in 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 boosted its holdings in Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC grew its position in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $76,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Invesco S&P 500 Momentum ETF by 85.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after buying an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.6 %

SPMO stock opened at $100.68 on Friday. The firm has a market cap of $1.62 billion, a PE ratio of 20.66 and a beta of 1.00. The business has a 50 day moving average of $97.14 and a 200-day moving average of $92.27. Invesco S&P 500 Momentum ETF has a 12-month low of $69.19 and a 12-month high of $101.86.

About Invesco S&P 500 Momentum ETF

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.