Bank Julius Baer & Co. Ltd Zurich Acquires New Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 453 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds have also made changes to their positions in SPMO. PSI Advisors LLC grew its position in 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 buying an additional 110 shares during the last quarter. Global Trust Asset Management LLC grew its position in Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying 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 third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc grew its position in Invesco S&P 500 Momentum ETF by 85.7% in the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after buying an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $91.98 on Wednesday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44. The firm’s 50 day moving average price is $98.94 and its two-hundred day moving average price is $95.15.

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.