Florida Financial Advisors LLC Increases Stake in Invesco S&P 500 Momentum ETF $SPMO

Florida Financial Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 59.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,284 shares of the company’s stock after buying an additional 10,179 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 0.9% of Florida Financial Advisors LLC’s portfolio, making the stock its 23rd biggest position. Florida Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dunhill Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $33,000. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $33,000. Dogwood Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $44,000. MAI Capital Management purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $50,000. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 90.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock valued at $51,000 after acquiring an additional 200 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $150.59 on Monday. Invesco S&P 500 Momentum ETF has a one year low of $103.99 and a one year high of $151.91. The company has a market cap of $18.36 billion, a P/E ratio of 29.51 and a beta of 1.09. The business’s 50-day simple moving average is $130.28 and its 200-day simple moving average is $123.04.

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.