Colonial River Investments LLC Purchases 10,754 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Colonial River Investments LLC lifted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 59.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,951 shares of the company’s stock after purchasing an additional 10,754 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 1.3% of Colonial River Investments LLC’s investment portfolio, making the stock its 14th biggest holding. Colonial River Investments LLC owned approximately 0.18% of Invesco S&P 500 Momentum ETF worth $2,751,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its position in shares of Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock valued at $956,000 after purchasing an additional 3,826 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 26.6% in the third quarter. Private Advisor Group LLC now owns 25,667 shares of the company’s stock worth $2,326,000 after acquiring an additional 5,396 shares in the last quarter. StoneX Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $911,000. Jane Street Group LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $326,000. Finally, Thrivent Financial for Lutherans bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $1,312,000.

Invesco S&P 500 Momentum ETF Trading Down 2.0 %

Invesco S&P 500 Momentum ETF stock opened at $99.91 on Monday. The business’s fifty day simple moving average is $98.87 and its two-hundred day simple moving average is $94.35. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44. The company has a market capitalization 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.