Independent Advisor Alliance Buys New Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Independent Advisor Alliance bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 115,222 shares of the company’s stock, valued at approximately $10,947,000. Independent Advisor Alliance owned about 0.72% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PSI Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 110 shares during 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 valued at $41,000 after buying an additional 210 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at $48,000. 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 valued at $67,000 after buying an additional 216 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $76,000.

Invesco S&P 500 Momentum ETF Trading Down 2.6 %

NYSEARCA:SPMO opened at $92.11 on Tuesday. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44. The firm’s fifty day simple moving average is $99.00 and its 200 day simple moving average is $95.13. The firm has a market capitalization of $5.13 billion, a PE ratio of 26.90 and a beta of 0.94.

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.