Park Avenue Securities LLC Acquires 50,917 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Park Avenue Securities LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 201.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,252 shares of the company’s stock after buying an additional 50,917 shares during the quarter. Park Avenue Securities LLC owned approximately 0.47% of Invesco S&P 500 Momentum ETF worth $7,245,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Capstone Wealth Management Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 77.0% during the fourth quarter. Capstone Wealth Management Group LLC now owns 50,633 shares of the company’s stock valued at $4,811,000 after purchasing an additional 22,021 shares in the last quarter. Professional Financial Advisors LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 2.6% in the 4th quarter. Professional Financial Advisors LLC now owns 48,134 shares of the company’s stock worth $4,573,000 after buying an additional 1,226 shares during the last quarter. PSI Advisors LLC grew its stake 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 worth $27,000 after buying an additional 110 shares during the last quarter. AdvisorNet Financial Inc increased its position in 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 buying an additional 601 shares in the last quarter. Finally, Cooper Financial Group raised its stake in Invesco S&P 500 Momentum ETF by 174.1% during the fourth quarter. Cooper Financial Group now owns 6,563 shares of the company’s stock valued at $624,000 after buying an additional 4,169 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.9 %

NYSEARCA SPMO opened at $97.27 on Thursday. Invesco S&P 500 Momentum ETF has a 12 month low of $66.01 and a 12 month high of $98.76. The stock’s fifty day moving average price is $96.35 and its 200-day moving average price is $91.59. The stock has a market cap of $1.57 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.