Manchester Financial Inc. Increases Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Manchester Financial Inc. raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 311.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,123 shares of the company’s stock after acquiring an additional 11,444 shares during the quarter. Manchester Financial Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,437,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPMO. World Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $23,247,000. Austin Private Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $14,567,000. Fischer Investment Strategies LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $11,215,000. Finally, LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after buying an additional 113,439 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.8 %

NYSEARCA:SPMO opened at $103.26 on Friday. The company has a market capitalization of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $72.99 and a 12 month high of $103.27. The firm has a fifty day simple moving average of $98.17 and a 200-day simple moving average of $93.29.

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.