Sovran Advisors LLC Makes New Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Sovran Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,622 shares of the company’s stock, valued at approximately $823,000. Sovran Advisors LLC owned 0.05% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPMO. Stratos Wealth Partners LTD. raised its stake in Invesco S&P 500 Momentum ETF by 61.3% in the 4th 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 during the last quarter. Private Advisor Group LLC lifted its stake in shares of 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 buying an additional 5,396 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth about $911,000. Jane Street Group LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth about $326,000. Finally, Truist Financial Corp grew its stake in Invesco S&P 500 Momentum ETF by 17.0% during the 2nd quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after acquiring an additional 872 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $102.89 on Wednesday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The company’s 50 day simple moving average is $97.98 and its two-hundred day simple moving average is $93.10. Invesco S&P 500 Momentum ETF has a 1-year low of $72.87 and a 1-year high of $103.09.

Invesco S&P 500 Momentum ETF Company 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.