Alpha Zero LLC Has $10.73 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Alpha Zero LLC grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,683 shares of the company’s stock after purchasing an additional 5,789 shares during the period. Invesco S&P 500 Momentum ETF makes up 5.4% of Alpha Zero LLC’s portfolio, making the stock its 7th biggest holding. Alpha Zero LLC owned about 0.08% of Invesco S&P 500 Momentum ETF worth $10,727,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $33,000. Blue Trust Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $44,000. Networth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $48,000. Finally, Team Financial Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 58.4% during the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after purchasing an additional 173 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.4%

SPMO stock opened at $144.52 on Tuesday. The company’s 50 day moving average is $150.75 and its 200 day moving average is $131.54. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

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.