Merkkuri Wealth Advisors LLC Acquires New Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Merkkuri Wealth Advisors LLC bought 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 institutional investor bought 4,177 shares of the company’s stock, valued at approximately $397,000.

A number of other large investors have also recently modified their holdings of SPMO. Renaissance Technologies LLC acquired a new position in Invesco S&P 500 Momentum ETF during the second quarter worth about $1,740,000. Marshall Wace LLP lifted its stake in shares of Invesco S&P 500 Momentum ETF by 221.6% in the 2nd quarter. Marshall Wace LLP now owns 92,951 shares of the company’s stock valued at $8,129,000 after acquiring an additional 64,044 shares during the last quarter. MidWestOne Financial Group Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $237,000. Creative Planning acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $1,262,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 121.4% during the second quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock valued at $1,100,000 after purchasing an additional 6,897 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $101.33 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $69.08 and a 1 year high of $101.86. The firm has a market cap of $1.63 billion, a PE ratio of 20.66 and a beta of 1.00. The company has a 50 day simple moving average of $96.87 and a 200 day simple moving average of $92.09.

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.