Avantax Advisory Services Inc. Acquires 10,874 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Avantax Advisory Services Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 188.1% during the fourth quarter, HoldingsChannel reports. The fund owned 16,655 shares of the company’s stock after purchasing an additional 10,874 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. PSI Advisors LLC increased its holdings 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 purchasing an additional 110 shares during the period. Global Trust Asset Management LLC increased its holdings 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 purchasing an additional 210 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $48,000. Continuum Advisory LLC increased its holdings 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 purchasing an additional 216 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $76,000.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $93.30 on Wednesday. The stock has a market cap of $5.19 billion, a P/E ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The firm’s fifty day moving average price is $98.65 and its 200-day moving average price is $95.31.

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.