Continuum Advisory LLC Acquires 154 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 41.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528 shares of the company’s stock after acquiring an additional 154 shares during the quarter. Continuum Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $49,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $14,373,000. Truist Financial Corp increased its position in shares of Invesco S&P 500 Momentum ETF by 22.6% during the fourth quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock worth $1,224,000 after purchasing an additional 2,379 shares in the last quarter. US Bancorp DE increased its position in shares of Invesco S&P 500 Momentum ETF by 145.9% during the fourth quarter. US Bancorp DE now owns 14,727 shares of the company’s stock worth $1,399,000 after purchasing an additional 8,739 shares in the last quarter. HighTower Advisors LLC increased its position in Invesco S&P 500 Momentum ETF by 12.6% during the 4th quarter. HighTower Advisors LLC now owns 57,587 shares of the company’s stock valued at $5,471,000 after buying an additional 6,460 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $211,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $109.95 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $76.75 and a fifty-two week high of $110.50. The company has a market cap of $8.94 billion, a PE ratio of 28.02 and a beta of 0.99. The business has a 50-day simple moving average of $101.77 and a two-hundred day simple moving average of $98.16.

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.