Invesco S&P 500 Momentum ETF $SPMO is Sierra Ocean LLC’s Largest Position

Sierra Ocean LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 47.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,824 shares of the company’s stock after acquiring an additional 39,025 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 12.3% of Sierra Ocean LLC’s portfolio, making the stock its biggest position. Sierra Ocean LLC owned about 0.11% of Invesco S&P 500 Momentum ETF worth $14,627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castleview Partners LLC increased its position in Invesco S&P 500 Momentum ETF by 3.2% during the third quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after purchasing an additional 84 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Invesco S&P 500 Momentum ETF by 2.1% in the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock valued at $496,000 after buying an additional 89 shares during the period. Caliber Wealth Management LLC KS increased its holdings in shares of Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock worth $235,000 after buying an additional 90 shares during the last quarter. LexAurum Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after buying an additional 92 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 0.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after buying an additional 94 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $118.25 on Friday. The stock has a market capitalization of $13.43 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The business’s 50 day moving average price is $119.61 and its 200 day moving average price is $119.13.

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.