Patriot Financial Group Insurance Agency LLC Increases Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Patriot Financial Group Insurance Agency LLC grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 308.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,963 shares of the company’s stock after purchasing an additional 8,279 shares during the quarter. Patriot Financial Group Insurance Agency LLC owned approximately 0.07% of Invesco S&P 500 Momentum ETF worth $1,042,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. PSI Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares during the period. Weaver Consulting Group grew its holdings in shares of Invesco S&P 500 Momentum ETF by 1.9% during the fourth quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock worth $1,059,000 after buying an additional 204 shares during the last quarter. Global Trust Asset Management LLC increased its position in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Continuum Advisory LLC raised its stake in Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares during the last quarter. Finally, Convergence Financial LLC lifted its position in Invesco S&P 500 Momentum ETF by 1.1% during the 3rd quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock worth $3,701,000 after acquiring an additional 451 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 1.2 %

Shares of SPMO stock opened at $99.41 on Wednesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.66 and a beta of 1.00. The business’s 50 day moving average is $97.05 and its two-hundred day moving average is $92.22. Invesco S&P 500 Momentum ETF has a twelve month low of $69.19 and a twelve month high of $101.86.

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.