World Equity Group Inc. Acquires New Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

World Equity Group Inc. acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,546 shares of the company’s stock, valued at approximately $1,287,000. World Equity Group Inc. owned 0.08% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SPMO. World Investment Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 1,416.7% in 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. Austin Private Wealth LLC acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $14,567,000. Fortis Group Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 93.7% in the fourth quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock valued at $27,457,000 after buying an additional 139,785 shares during the period. Fischer Investment Strategies LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $11,215,000. Finally, LPL Financial LLC raised its holdings in Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after purchasing an additional 113,439 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $99.91 on Friday. The firm’s fifty day moving average is $98.87 and its two-hundred day moving average is $94.16. The firm has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94. Invesco S&P 500 Momentum ETF has a twelve month low of $74.40 and a twelve month high of $103.44.

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.