PFG Advisors Acquires 3,068 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

PFG Advisors increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 39.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,935 shares of the company’s stock after purchasing an additional 3,068 shares during the period. PFG Advisors owned approximately 0.07% of Invesco S&P 500 Momentum ETF worth $1,039,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PSI Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 95.5% in 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth $48,000. Continuum Advisory LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at about $76,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $91.76 on Friday. Invesco S&P 500 Momentum ETF has a 52-week low of $74.40 and a 52-week high of $103.44. The company has a 50-day moving average of $98.83 and a two-hundred day moving average of $95.11. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93.

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.