Perennial Investment Advisors LLC Takes $1.54 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Perennial Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,152 shares of the company’s stock, valued at approximately $1,535,000. Perennial Investment Advisors LLC owned 0.10% of Invesco S&P 500 Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth about $14,373,000. Stratos Wealth Partners LTD. increased its stake 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 buying an additional 3,826 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $326,000. Truist Financial Corp boosted its stake in shares of Invesco S&P 500 Momentum ETF by 22.6% in the fourth quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock worth $1,224,000 after acquiring an additional 2,379 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Invesco S&P 500 Momentum ETF by 145.9% during the fourth quarter. US Bancorp DE now owns 14,727 shares of the company’s stock worth $1,399,000 after purchasing an additional 8,739 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $82.32 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The stock’s fifty day moving average is $97.33 and its two-hundred day moving average is $95.74. The firm has a market capitalization of $4.80 billion, a P/E ratio of 24.93 and a beta of 0.93.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.1794 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07.

Invesco S&P 500 Momentum ETF 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.