Signet Financial Management LLC Has $3.16 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Signet Financial Management LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 122.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,482 shares of the company’s stock after purchasing an additional 14,562 shares during the period. Signet Financial Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,160,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC lifted its stake in Invesco S&P 500 Momentum ETF by 1,035.6% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock worth $2,344,000 after purchasing an additional 17,916 shares during the period. MKT Advisors LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 87.6% in the 4th quarter. MKT Advisors LLC now owns 6,611 shares of the company’s stock valued at $796,000 after purchasing an additional 3,087 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $210,000. Cooper Financial Group acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $209,000. Finally, Sovereign Financial Group Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 11,593 shares of the company’s stock worth $1,383,000 after buying an additional 151 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $113.78 on Friday. The business has a 50 day simple moving average of $118.81 and a 200 day simple moving average of $119.52. The company has a market capitalization of $12.92 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.

About Invesco S&P 500 Momentum ETF

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.