Narwhal Capital Management Makes New Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Narwhal Capital Management bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,135 shares of the company’s stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. PSI Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 110 shares during the period. Global Trust Asset Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 95.5% during 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. Continuum Advisory LLC grew its stake in Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $76,000. Finally, AdvisorNet Financial Inc raised its position in shares of Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after buying an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.1 %

NYSEARCA SPMO opened at $101.33 on Monday. The firm’s 50 day simple moving average is $96.87 and its 200 day simple moving average is $92.09. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $69.08 and a 1 year high of $101.86.

Invesco S&P 500 Momentum ETF Company 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.