MAS Advisors LLC Takes Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

MAS Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,452 shares of the company’s stock, valued at approximately $2,038,000. Invesco S&P 500 Momentum ETF comprises 3.4% of MAS Advisors LLC’s holdings, making the stock its 6th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. PSI Advisors LLC raised its stake in Invesco S&P 500 Momentum ETF by 61.8% during 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 last quarter. Global Trust Asset Management LLC grew 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 buying an additional 210 shares during the last quarter. Continuum Advisory LLC increased its stake 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 buying an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $76,000. Finally, AdvisorNet Financial Inc lifted 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 worth $124,000 after acquiring an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.6 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $100.62 on Wednesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $72.21 and a 52-week high of $101.86. The company’s 50-day simple moving average is $97.42 and its 200-day simple moving average is $92.54.

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.