Concurrent Investment Advisors LLC Makes New $775,000 Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Concurrent Investment Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 8,153 shares of the company’s stock, valued at approximately $775,000.

A number of other large investors have also recently modified their holdings of the business. PSI Advisors LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 110 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in shares of 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 acquiring an additional 210 shares during the last quarter. Continuum Advisory LLC raised its holdings in Invesco S&P 500 Momentum ETF by 44.2% during 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. Legacy Investment Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $76,000. Finally, AdvisorNet Financial Inc raised its position in Invesco S&P 500 Momentum ETF by 85.7% during the 4th 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 last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.0 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $99.91 on Monday. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44. The company has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94. The business has a 50 day moving average of $98.87 and a 200 day moving average of $94.35.

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.