Kestra Investment Management LLC Has $3.57 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Kestra Investment Management LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,946 shares of the company’s stock after buying an additional 5,025 shares during the period. Kestra Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. GatePass Capital LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 150.3% in the 4th quarter. GatePass Capital LLC now owns 5,221 shares of the company’s stock worth $623,000 after buying an additional 3,135 shares in the last quarter. MSH Capital Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 35.6% in the 4th quarter. MSH Capital Advisors LLC now owns 4,219 shares of the company’s stock worth $503,000 after buying an additional 1,107 shares in the last quarter. Planning Alternatives Ltd. ADV increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1.1% during the fourth quarter. Planning Alternatives Ltd. ADV now owns 605,494 shares of the company’s stock worth $72,248,000 after buying an additional 6,314 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 63.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 919 shares of the company’s stock worth $110,000 after buying an additional 356 shares in the last quarter. Finally, Daviman Financial LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $4,012,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $144.94 on Tuesday. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The company has a 50 day moving average of $127.61 and a 200-day moving average of $122.17. Invesco S&P 500 Momentum ETF has a 1-year low of $101.80 and a 1-year high of $147.87.

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.