PSI Advisors LLC Boosts Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

PSI Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 61.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288 shares of the company’s stock after buying an additional 110 shares during the period. PSI Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC boosted its position in 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 valued at $112,645,000 after buying an additional 113,439 shares during the period. Cetera Investment Advisers boosted its position in Invesco S&P 500 Momentum ETF by 61.6% during the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after buying an additional 143,810 shares during the period. Principal Securities Inc. boosted its position in Invesco S&P 500 Momentum ETF by 10.3% during the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock valued at $29,173,000 after buying an additional 30,133 shares during the period. World Investment Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after buying an additional 281,038 shares during the period. Finally, Family Investment Center Inc. boosted its position in Invesco S&P 500 Momentum ETF by 1.5% during the third quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock valued at $26,582,000 after buying an additional 4,245 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.1 %

NYSEARCA SPMO opened at $95.50 on Wednesday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The company has a 50-day simple moving average of $96.31 and a two-hundred day simple moving average of $91.55. Invesco S&P 500 Momentum ETF has a 12-month low of $66.01 and a 12-month high of $98.76.

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.