New Century Financial Group LLC Takes Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

New Century Financial Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,209 shares of the company’s stock, valued at approximately $498,000.

Several other large investors have also made changes to their positions in the business. Synergy Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $4,571,000. Strata Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $248,000. WealthCare Investment Partners LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 12.6% in the 1st quarter. WealthCare Investment Partners LLC now owns 26,402 shares of the company’s stock valued at $2,118,000 after acquiring an additional 2,947 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $214,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $235,000.

Invesco S&P 500 Momentum ETF Stock Up 0.8 %

Shares of NYSEARCA:SPMO traded up $0.69 during trading on Thursday, hitting $89.22. 236,097 shares of the stock traded hands, compared to its average volume of 322,322. The company has a fifty day moving average price of $82.83 and a two-hundred day moving average price of $76.82. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $54.94 and a 52-week high of $89.26.

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.