Theory Financial LLC Takes $1.06 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Theory Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,142 shares of the company’s stock, valued at approximately $1,059,000. Theory Financial LLC owned 0.07% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. PSI Advisors LLC grew its position in shares of 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 period. D.A. Davidson & CO. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.4% during the 4th quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock valued at $911,000 after buying an additional 134 shares in the last quarter. Weaver Consulting Group lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.9% during the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock valued at $1,059,000 after buying an additional 204 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 95.5% during 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 in the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during 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 in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $99.91 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The firm’s fifty day moving average is $98.87 and its 200 day moving average is $94.16. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94.

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.