Sovran Advisors LLC Raises Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Sovran Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 17.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,160 shares of the company’s stock after purchasing an additional 1,538 shares during the period. Sovran Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPMO. WJ Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 54.8% in the 1st quarter. WJ Wealth Management LLC now owns 88,679 shares of the company’s stock worth $8,205,000 after acquiring an additional 31,407 shares during the last quarter. Colonial River Investments LLC raised its position in Invesco S&P 500 Momentum ETF by 81.2% in the 1st quarter. Colonial River Investments LLC now owns 52,460 shares of the company’s stock worth $4,854,000 after purchasing an additional 23,509 shares during the period. Surience Private Wealth LLC bought a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth about $8,008,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $12,954,000. Finally, Money Concepts Capital Corp boosted its position in shares of Invesco S&P 500 Momentum ETF by 30.6% during the first quarter. Money Concepts Capital Corp now owns 798,446 shares of the company’s stock valued at $73,880,000 after buying an additional 186,917 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $111.84 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $76.75 and a fifty-two week high of $114.92. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 28.02 and a beta of 0.89. The business’s 50 day moving average price is $102.70 and its 200-day moving average price is $98.38.

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.