Seros Financial LLC Takes $1.67 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Seros Financial LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,093 shares of the company’s stock, valued at approximately $1,670,000. Invesco S&P 500 Momentum ETF comprises about 1.5% of Seros Financial LLC’s investment portfolio, making the stock its 15th largest position. Seros Financial LLC owned 0.12% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPMO. PSI Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 110 shares during the last quarter. Global Trust Asset Management LLC increased its position in shares of 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 acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC boosted its holdings 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 acquiring an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $76,000. Finally, AdvisorNet Financial Inc raised its stake in shares of 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 purchasing an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.7 %

SPMO opened at $101.44 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $69.02 and a fifty-two week high of $101.44. The company’s 50-day moving average price is $96.60 and its 200 day moving average price is $91.94. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.