Southland Equity Partners LLC Increases Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Southland Equity Partners LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,893 shares of the company’s stock after buying an additional 949 shares during the quarter. Southland Equity Partners LLC owned 0.09% of Invesco S&P 500 Momentum ETF worth $1,415,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. World Investment Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the 3rd 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. Mainstay Capital Management LLC ADV bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $23,247,000. HBW Advisory Services LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $13,325,000. Cetera Investment Advisers grew its holdings in Invesco S&P 500 Momentum ETF by 61.6% during the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after purchasing an additional 143,810 shares during the period. Finally, Fischer Investment Strategies LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $11,215,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $101.44 on Friday. The stock has a fifty day moving average of $96.60 and a 200-day moving average of $91.94. Invesco S&P 500 Momentum ETF has a fifty-two week low of $69.02 and a fifty-two week high of $101.44. The company has a market capitalization of $1.63 billion, a price-to-earnings 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.