Financial Advocates Investment Management Grows Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Financial Advocates Investment Management lifted its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,003 shares of the company’s stock after purchasing an additional 5,523 shares during the quarter. Financial Advocates Investment Management owned about 0.25% of Invesco S&P 500 Momentum ETF worth $3,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SPMO. Castle Rock Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $2,263,000. Private Advisor Group LLC grew its position in Invesco S&P 500 Momentum ETF by 26.6% during the 3rd quarter. Private Advisor Group LLC now owns 25,667 shares of the company’s stock valued at $2,326,000 after purchasing an additional 5,396 shares during the last quarter. StoneX Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $911,000. Jane Street Group LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter worth about $326,000. Finally, Truist Financial Corp lifted its stake in shares of Invesco S&P 500 Momentum ETF by 17.0% in the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock worth $526,000 after buying an additional 872 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.3 %

Shares of SPMO opened at $101.92 on Thursday. Invesco S&P 500 Momentum ETF has a twelve month low of $72.33 and a twelve month high of $102.03. The company has a market capitalization of $1.64 billion, a P/E ratio of 20.66 and a beta of 1.00. The firm has a 50 day moving average of $97.50 and a 200 day moving average of $92.64.

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.