Sierra Ocean LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,531 shares of the company’s stock after acquiring an additional 4,707 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 12.4% of Sierra Ocean LLC’s investment portfolio, making the stock its 2nd biggest position. Sierra Ocean LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $14,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in SPMO. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $27,000. Dunhill Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $33,000. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $44,000. Finally, MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $50,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of NYSEARCA SPMO opened at $141.42 on Tuesday. The business’s 50 day moving average is $125.09 and its two-hundred day moving average is $121.40. Invesco S&P 500 Momentum ETF has a 1-year low of $101.80 and a 1-year high of $147.87. The stock has a market capitalization of $17.24 billion, a P/E ratio of 29.51 and a beta of 1.09.
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.
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