6,200 Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Acquired by Merit Financial Group LLC

Merit Financial Group LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,200 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds have also added to or reduced their stakes in the stock. PSI Advisors LLC raised its position in shares of 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 worth $27,000 after purchasing an additional 110 shares during the last quarter. Weaver Consulting Group increased its stake in Invesco S&P 500 Momentum ETF by 1.9% during the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock valued at $1,059,000 after purchasing an additional 204 shares in the last quarter. Continuum Advisory LLC raised its holdings 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 worth $67,000 after buying an additional 216 shares during the last quarter. Convergence Financial LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.1% in the third quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock worth $3,701,000 after buying an additional 451 shares in the last quarter. Finally, Professional Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 1.0% during the third quarter. Professional Financial Advisors LLC now owns 46,908 shares of the company’s stock valued at $4,252,000 after buying an additional 462 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.7 %

Shares of SPMO opened at $100.74 on Thursday. The company has a market capitalization of $1.62 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a twelve month low of $68.13 and a twelve month high of $101.03. The firm has a 50 day moving average of $96.52 and a 200 day moving average of $91.88.

Invesco S&P 500 Momentum ETF Company 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.