Patten Group Inc. Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Patten Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,614 shares of the company’s stock, valued at approximately $1,147,000.

Other hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 468.7% during the third quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock worth $897,000 after acquiring an additional 6,107 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Invesco S&P 500 Momentum ETF by 116.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after acquiring an additional 57,149 shares in the last quarter. IFP Advisors Inc boosted its stake in Invesco S&P 500 Momentum ETF by 98.0% during the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after acquiring an additional 5,361 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $1,654,000. Finally, CIBC Private Wealth Group LLC boosted its stake in Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after acquiring an additional 15,758 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $124.59 on Tuesday. Invesco S&P 500 Momentum ETF has a one year low of $84.86 and a one year high of $124.61. The company’s 50-day simple moving average is $117.74 and its 200 day simple moving average is $119.07. The firm has a market capitalization of $14.29 billion, a P/E ratio of 29.51 and a beta of 1.02.

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.