Spectrum Planning & Advisory Services Inc. Takes $1.50 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Spectrum Planning & Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,779 shares of the company’s stock, valued at approximately $1,499,000. Invesco S&P 500 Momentum ETF comprises 1.3% of Spectrum Planning & Advisory Services Inc.’s portfolio, making the stock its 17th biggest holding.

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

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $99.41 on Wednesday. Invesco S&P 500 Momentum ETF has a 1 year low of $69.19 and a 1 year high of $101.86. The stock’s 50-day simple moving average is $97.05 and its 200-day simple moving average is $92.22. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.