Ferguson Shapiro LLC Buys Shares of 15,234 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Ferguson Shapiro LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,234 shares of the company’s stock, valued at approximately $1,332,000. Invesco S&P 500 Momentum ETF comprises approximately 0.5% of Ferguson Shapiro LLC’s investment portfolio, making the stock its 21st largest position. Ferguson Shapiro LLC owned approximately 0.09% of Invesco S&P 500 Momentum ETF as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 7.7% in the 4th quarter. Private Advisor Group LLC now owns 4,616 shares of the company’s stock worth $302,000 after acquiring an additional 330 shares during the last quarter. Financial Advocates Investment Management boosted its position in shares of Invesco S&P 500 Momentum ETF by 11.4% during the fourth quarter. Financial Advocates Investment Management now owns 19,227 shares of the company’s stock worth $1,259,000 after buying an additional 1,965 shares during the period. L.M. Kohn & Company acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at $233,000. Harvest Investment Services LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 3.3% in the fourth quarter. Harvest Investment Services LLC now owns 4,774 shares of the company’s stock valued at $313,000 after buying an additional 154 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at $151,000.

Invesco S&P 500 Momentum ETF Trading Down 3.1 %

SPMO opened at $86.45 on Wednesday. The stock’s 50-day moving average price is $87.16 and its 200 day moving average price is $82.56. Invesco S&P 500 Momentum ETF has a 12-month low of $55.32 and a 12-month high of $91.64. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.