Sierra Ocean LLC Has $6.82 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Sierra Ocean LLC grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.7% in the first quarter, HoldingsChannel.com reports. The fund owned 73,744 shares of the company’s stock after acquiring an additional 4,602 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 5.4% of Sierra Ocean LLC’s investment portfolio, making the stock its 7th biggest position. Sierra Ocean LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,824,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 75.3% during the 4th quarter. LPL Financial LLC now owns 2,178,729 shares of the company’s stock worth $207,001,000 after buying an additional 935,951 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco S&P 500 Momentum ETF by 363.9% in the 4th quarter. Bank of America Corp DE now owns 1,446,799 shares of the company’s stock worth $137,460,000 after purchasing an additional 1,134,915 shares in the last quarter. Money Concepts Capital Corp increased its holdings in Invesco S&P 500 Momentum ETF by 30.6% in the 1st quarter. Money Concepts Capital Corp now owns 798,446 shares of the company’s stock worth $73,880,000 after purchasing an additional 186,917 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco S&P 500 Momentum ETF by 391,013.3% in the 4th quarter. JPMorgan Chase & Co. now owns 617,959 shares of the company’s stock worth $58,712,000 after purchasing an additional 617,801 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $56,345,000.

Invesco S&P 500 Momentum ETF Stock Up 1.0%

Shares of SPMO opened at $112.51 on Friday. Invesco S&P 500 Momentum ETF has a 12-month low of $76.75 and a 12-month high of $112.68. The business has a 50-day simple moving average of $104.85 and a two-hundred day simple moving average of $98.89. The stock has a market cap of $9.73 billion, a PE ratio of 28.02 and a beta of 0.89.

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.