Sierra Ocean LLC Buys 39,025 Shares of Invesco S&P 500 Momentum ETF $SPMO

Sierra Ocean LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 47.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,824 shares of the company’s stock after buying an additional 39,025 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 12.3% of Sierra Ocean LLC’s holdings, making the stock its biggest holding. Sierra Ocean LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $14,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Evolution Wealth Management Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 468.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock worth $897,000 after purchasing an additional 6,107 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $1,654,000. J.W. Cole Advisors Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 83.1% during the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock worth $1,446,000 after buying an additional 5,834 shares in the last quarter. Altus Wealth Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 4.7% during the third quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock worth $16,675,000 after buying an additional 6,229 shares during the period. Finally, WMG Financial Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 266.8% during the third quarter. WMG Financial Advisors LLC now owns 16,125 shares of the company’s stock worth $1,952,000 after buying an additional 11,729 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.0%

Shares of NYSEARCA:SPMO opened at $118.25 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm’s 50 day moving average price is $119.61 and its 200 day moving average price is $119.13. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

Invesco S&P 500 Momentum ETF Company 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.