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

Seros Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,093 shares of the company’s stock, valued at approximately $1,670,000. Invesco S&P 500 Momentum ETF makes up about 1.5% of Seros Financial LLC’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPMO. LPL Financial LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 10.0% in the 3rd quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock valued at $112,645,000 after acquiring an additional 113,439 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.6% in the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after buying an additional 143,810 shares during the last quarter. Principal Securities Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 10.3% in the 3rd quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after purchasing an additional 30,133 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after acquiring an additional 281,038 shares during the last quarter. Finally, Family Investment Center Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.5% during the 3rd quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock worth $26,582,000 after buying an additional 4,245 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $101.44 on Friday. 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 has a 52 week low of $69.02 and a 52 week high of $101.44. The firm’s 50-day simple moving average is $96.60 and its 200 day simple moving average is $91.94.

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.