Petra Financial Advisors Inc. Makes New Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Petra Financial Advisors Inc. purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,936 shares of the company’s stock, valued at approximately $564,000.

Other large investors have also added to or reduced their stakes in the company. PSI Advisors LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of 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 valued at $41,000 after purchasing an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $48,000. Continuum Advisory LLC boosted its stake in shares of 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 valued at $67,000 after purchasing an additional 216 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $76,000.

Invesco S&P 500 Momentum ETF Trading Up 0.7 %

Shares of SPMO opened at $94.56 on Tuesday. The firm’s 50-day moving average price is $98.71 and its 200-day moving average price is $95.28. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44.

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.