Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 33.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,934 shares of the company’s stock after acquiring an additional 994 shares during the period. Ameritas Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $28,000. ORG Wealth Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $40,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $48,000. Sound Income Strategies LLC raised its holdings in Invesco S&P 500 Momentum ETF by 1,859.3% during the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after purchasing an additional 502 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 41.2% during the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.0%

Shares of Invesco S&P 500 Momentum ETF stock opened at $112.51 on Friday. The company has a fifty day simple moving average of $104.48 and a 200-day simple moving average of $98.76. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 28.02 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 12-month low of $76.75 and a 12-month high of $112.68.

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.