Foundations Investment Advisors LLC Has $2.51 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Foundations Investment Advisors LLC lowered its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 43.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,011 shares of the company’s stock after selling 16,332 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,507,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPMO. Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 116.7% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after acquiring an additional 57,149 shares during the period. IFP Advisors Inc increased its stake in Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after acquiring an additional 5,361 shares during the period. CIBC Private Wealth Group LLC raised its position in Invesco S&P 500 Momentum ETF by 7,363.6% in the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after purchasing an additional 15,758 shares in the last quarter. Ascent Group LLC raised its position in Invesco S&P 500 Momentum ETF by 68.4% in the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock worth $30,145,000 after purchasing an additional 102,587 shares in the last quarter. Finally, Able Wealth Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 13.0% during the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after purchasing an additional 13,883 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.3%

NYSEARCA SPMO opened at $150.59 on Friday. The stock’s 50 day moving average is $130.28 and its two-hundred day moving average is $123.02. The company has a market capitalization of $18.36 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 $103.99 and a 1-year high of $151.91.

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.