Park Edge Advisors LLC Has $614,000 Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Park Edge Advisors LLC trimmed its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 72.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,459 shares of the company’s stock after selling 16,705 shares during the period. Park Edge Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. PSI Advisors LLC lifted 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 in the last quarter. Global Trust Asset Management LLC raised its stake 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 purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of 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 valued at $67,000 after purchasing an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $76,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after buying an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.1 %

NYSEARCA SPMO opened at $101.33 on Friday. The business has a fifty day simple moving average of $96.87 and a 200 day simple moving average of $92.09. Invesco S&P 500 Momentum ETF has a 12 month low of $69.08 and a 12 month high of $101.86. The firm has a market capitalization of $1.63 billion, a P/E ratio of 20.66 and a beta of 1.00.

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.