Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 130.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,814 shares of the company’s stock after acquiring an additional 11,217 shares during the period. Global Retirement Partners LLC owned 0.12% of Invesco S&P 500 Momentum ETF worth $1,883,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PSI Advisors LLC increased its position in Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 110 shares during the period. Global Trust Asset Management LLC increased its position in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Continuum Advisory LLC increased 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 valued at $67,000 after acquiring an additional 216 shares during the period. Legacy Investment Solutions LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $76,000. Finally, AdvisorNet Financial Inc increased its position in Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after acquiring an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 1.1 %

Shares of SPMO stock opened at $101.91 on Friday. The stock has a market capitalization of $1.64 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $72.99 and a 52-week high of $103.44. The stock’s 50-day moving average price is $98.83 and its 200 day moving average price is $94.01.

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.