Newbridge Financial Services Group Inc. Takes Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Newbridge Financial Services Group Inc. bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,555 shares of the company’s stock, valued at approximately $148,000.

Several other hedge funds also recently bought and sold shares of SPMO. PSI Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings 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 worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC boosted 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 worth $67,000 after purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $76,000. Finally, AdvisorNet Financial Inc grew its holdings 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.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $102.03 on Monday. The company’s fifty day moving average price is $97.86 and its 200-day moving average price is $92.91. Invesco S&P 500 Momentum ETF has a one year low of $72.87 and a one year high of $103.09. The company has a market capitalization of $1.64 billion, a PE ratio of 20.66 and a beta of 1.00.

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.