Creative Financial Designs Inc. ADV lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 79.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,256 shares of the company’s stock after acquiring an additional 5,861 shares during the quarter. Creative Financial Designs Inc. ADV owned approximately 0.08% of Invesco S&P 500 Momentum ETF worth $1,259,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its holdings in Invesco S&P 500 Momentum ETF by 61.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock worth $956,000 after purchasing an additional 3,826 shares during the last quarter. StoneX Group Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $911,000. Jane Street Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $326,000. Thrivent Financial for Lutherans acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $1,312,000. Finally, Truist Financial Corp lifted its holdings in Invesco S&P 500 Momentum ETF by 22.6% during the 4th quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock worth $1,224,000 after purchasing an additional 2,379 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Up 0.7 %
NYSEARCA:SPMO opened at $94.56 on Tuesday. The stock has a market cap of $5.26 billion, a P/E ratio of 24.89 and a beta of 0.93. The stock has a 50 day simple moving average of $98.71 and a 200 day simple moving average of $95.28. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year 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.
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