Verus Capital Partners LLC Takes $275,000 Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Verus Capital Partners LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,894 shares of the company’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPMO. Raymond James & Associates increased its position in Invesco S&P 500 Momentum ETF by 497.5% during the third quarter. Raymond James & Associates now owns 56,511 shares of the company’s stock worth $5,122,000 after purchasing an additional 47,053 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Invesco S&P 500 Momentum ETF by 17.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,395 shares of the company’s stock worth $670,000 after purchasing an additional 1,114 shares during the last quarter. Clear Creek Financial Management LLC increased its position in Invesco S&P 500 Momentum ETF by 1.3% during the third quarter. Clear Creek Financial Management LLC now owns 55,828 shares of the company’s stock worth $5,060,000 after purchasing an additional 693 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Invesco S&P 500 Momentum ETF by 61.7% during the third quarter. Janney Montgomery Scott LLC now owns 20,859 shares of the company’s stock worth $1,891,000 after purchasing an additional 7,960 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $3,378,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $99.80 on Friday. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44. The company has a 50 day moving average price of $99.18 and a 200 day moving average price of $94.80. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 26.90 and a beta of 0.94.

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.