Farther Finance Advisors LLC Has $4.07 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Farther Finance Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 627.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,622 shares of the company’s stock after buying an additional 29,000 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at $26,000. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Momentum ETF by 99.2% in the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $31,000. Rossby Financial LCC grew its stake in Invesco S&P 500 Momentum ETF by 237.8% during the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock worth $34,000 after buying an additional 214 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 342.5% in the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.4%

Shares of NYSEARCA:SPMO opened at $121.45 on Thursday. The firm has a 50 day moving average of $119.62 and a 200-day moving average of $116.96. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The stock has a market capitalization of $13.27 billion, a PE ratio of 29.51 and a beta of 0.98.

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.