Continuum Advisory LLC Has $36,000 Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Continuum Advisory LLC reduced its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374 shares of the company’s stock after selling 331 shares during the quarter. Continuum Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SPMO. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $48,000. Comerica Bank acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $68,000. Glass Jacobson Investment Advisors llc grew its position in shares of 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 purchasing an additional 723 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,058 shares of the company’s stock valued at $101,000 after purchasing an additional 232 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $148,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $102.85 on Friday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 27.23 and a beta of 0.97. The stock’s 50 day moving average price is $94.46 and its two-hundred day moving average price is $96.49. Invesco S&P 500 Momentum ETF has a 52 week low of $76.75 and a 52 week high of $105.34.

About Invesco S&P 500 Momentum ETF

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.