Southland Equity Partners LLC Acquires 949 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Southland Equity Partners LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,893 shares of the company’s stock after purchasing an additional 949 shares during the period. Southland Equity Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SPMO. PSI Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at $76,000. Finally, AdvisorNet Financial Inc boosted its stake in Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after buying an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.7 %

Shares of NYSEARCA SPMO opened at $101.44 on Friday. The stock’s 50-day simple moving average is $96.60 and its two-hundred day simple moving average is $91.94. Invesco S&P 500 Momentum ETF has a twelve month low of $69.02 and a twelve month high of $101.44. The firm has a market capitalization of $1.63 billion, a P/E ratio of 20.66 and a beta of 1.00.

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.