13,351 Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Acquired by Berbice Capital Management LLC

Berbice Capital Management LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,351 shares of the company’s stock, valued at approximately $1,268,000. Invesco S&P 500 Momentum ETF makes up about 1.0% of Berbice Capital Management LLC’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PSI Advisors LLC increased 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 worth $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after acquiring an additional 216 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc grew its position in Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after purchasing an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $101.70 on Friday. 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 has a 52 week low of $69.08 and a 52 week high of $101.44. The company’s 50 day moving average price is $96.60 and its 200 day moving average price is $91.94.

About Invesco S&P 500 Momentum ETF

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.