Retireful LLC Takes $1.71 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Retireful LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 18,037 shares of the company’s stock, valued at approximately $1,714,000.

Several other hedge funds have also recently bought and sold shares of SPMO. Thurston Springer Miller Herd & Titak Inc. grew its stake in Invesco S&P 500 Momentum ETF by 100.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,078 shares of the company’s stock worth $1,813,000 after buying an additional 9,545 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 201.0% during the 4th quarter. Park Avenue Securities LLC now owns 76,252 shares of the company’s stock valued at $7,245,000 after acquiring an additional 50,917 shares in the last quarter. Capstone Wealth Management Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 77.0% during the 4th quarter. Capstone Wealth Management Group LLC now owns 50,633 shares of the company’s stock valued at $4,811,000 after acquiring an additional 22,021 shares in the last quarter. Professional Financial Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 2.6% during the 4th quarter. Professional Financial Advisors LLC now owns 48,134 shares of the company’s stock worth $4,573,000 after purchasing an additional 1,226 shares during the period. Finally, PSI Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $97.57 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $66.01 and a 12 month high of $98.76. The business’s 50-day moving average is $96.38 and its two-hundred day moving average is $91.63. The firm has a market capitalization of $1.57 billion, a PE ratio of 20.66 and a beta of 1.00.

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.