Verus Capital Partners LLC Invests $275,000 in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Verus Capital Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,894 shares of the company’s stock, valued at approximately $275,000.

Several other large investors also recently made changes to their positions in the business. PSI Advisors LLC boosted 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 purchasing an additional 110 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC boosted its stake in shares of 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 purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at $76,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Invesco S&P 500 Momentum ETF by 85.7% in 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 Trading Up 1.8 %

Shares of SPMO stock opened at $99.80 on Friday. The company has a market capitalization of $5.55 billion, a PE ratio of 26.90 and a beta of 0.94. The firm has a fifty day simple moving average of $99.18 and a 200-day simple moving average of $94.80. 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.