Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Stake Boosted by Redwood Investment Management LLC

Redwood Investment Management LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 369.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,848 shares of the company’s stock after purchasing an additional 18,773 shares during the period. Redwood Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. PSI Advisors LLC boosted its stake in 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 valued at $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after buying an additional 210 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $48,000. Comerica Bank bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $68,000. Finally, Glass Jacobson Investment Advisors llc increased its position in Invesco S&P 500 Momentum ETF by 607.6% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 842 shares of the company’s stock valued at $80,000 after acquiring an additional 723 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $104.66 on Thursday. Invesco S&P 500 Momentum ETF has a 1-year low of $76.75 and a 1-year high of $104.74. The business’s fifty day moving average price is $92.89 and its two-hundred day moving average price is $95.91. The company has a market capitalization of $7.01 billion, a P/E ratio of 27.23 and a beta of 0.97.

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.