Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) is Mainstay Capital Management LLC ADV’s 2nd Largest Position

Mainstay Capital Management LLC ADV boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 374.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216,892 shares of the company’s stock after acquiring an additional 960,418 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 17.6% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 2nd biggest position. Mainstay Capital Management LLC ADV owned 7.55% of Invesco S&P 500 Momentum ETF worth $115,617,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares in the last quarter. Continuum Advisory LLC grew its stake in Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc grew its stake in Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after buying an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $99.91 on Monday. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44. The stock has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94. The firm has a 50 day simple moving average of $98.87 and a two-hundred day simple moving average of $94.35.

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.