Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Position Raised by One Capital Management LLC

One Capital Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,906 shares of the company’s stock after purchasing an additional 62,306 shares during the period. Invesco S&P 500 Momentum ETF makes up 1.2% of One Capital Management LLC’s portfolio, making the stock its 24th biggest holding. One Capital Management LLC owned 2.36% of Invesco S&P 500 Momentum ETF worth $36,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mainstay Capital Management LLC ADV raised its holdings in shares of Invesco S&P 500 Momentum ETF by 374.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after purchasing an additional 960,418 shares in the last quarter. World Investment Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares during the period. Austin Private Wealth LLC bought a new position in Invesco S&P 500 Momentum ETF in the fourth quarter worth $14,567,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $14,373,000. Finally, Fortis Group Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 93.7% in the fourth quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock valued at $27,457,000 after acquiring an additional 139,785 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 1.2 %

NYSEARCA SPMO opened at $97.22 on Thursday. The company has a 50 day moving average of $99.17 and a 200-day moving average of $95.00. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44.

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.