Kickstand Ventures LLC. Invests $1.16 Million in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Kickstand Ventures LLC. purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,198 shares of the company’s stock, valued at approximately $1,159,000. Kickstand Ventures LLC. owned 0.08% of Invesco S&P 500 Momentum ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 10.0% during the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after buying an additional 113,439 shares during the period. Money Concepts Capital Corp boosted its position in shares of Invesco S&P 500 Momentum ETF by 9.1% during the fourth quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock worth $58,101,000 after buying an additional 50,980 shares during the period. Trilogy Capital Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 1.6% in the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock valued at $40,085,000 after acquiring an additional 6,523 shares in the last quarter. Principal Securities Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 10.3% in the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after purchasing an additional 30,133 shares during the period. Finally, Family Investment Center Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 6.1% in the fourth quarter. Family Investment Center Inc. now owns 311,213 shares of the company’s stock valued at $29,568,000 after purchasing an additional 17,939 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.5 %

NYSEARCA:SPMO opened at $102.40 on Thursday. The firm has a market cap of $1.65 billion, a PE ratio of 20.66 and a beta of 1.00. The stock has a fifty day moving average price of $98.09 and a 200 day moving average price of $93.23. Invesco S&P 500 Momentum ETF has a 12-month low of $72.87 and a 12-month high of $103.09.

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.