Concurrent Investment Advisors LLC Makes New $775,000 Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Concurrent Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,153 shares of the company’s stock, valued at approximately $775,000. Concurrent Investment Advisors LLC owned approximately 0.05% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PSI Advisors LLC grew its position in shares of 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 boosted 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 valued at $41,000 after acquiring an additional 210 shares during the period. 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 valued at $67,000 after purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $76,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Invesco S&P 500 Momentum ETF by 85.7% during 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 Trading Down 2.0 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $99.91 on Monday. The company has a 50 day moving average of $98.87 and a 200-day moving average of $94.35. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44. The company has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94.

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.