Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Holdings Raised by Fortis Group Advisors LLC

Fortis Group Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 93.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 288,988 shares of the company’s stock after purchasing an additional 139,785 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 5.1% of Fortis Group Advisors LLC’s portfolio, making the stock its 2nd largest holding. Fortis Group Advisors LLC owned about 1.79% of Invesco S&P 500 Momentum ETF worth $27,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 95.5% during 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 boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 44.2% in 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. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $76,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after purchasing an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $103.06 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. The stock has a 50-day simple moving average of $98.36 and a two-hundred day simple moving average of $93.62. Invesco S&P 500 Momentum ETF has a fifty-two week low of $72.99 and a fifty-two week high of $103.42.

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.