FFG Retirement Advisors LLC Buys Shares of 13,346 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

FFG Retirement Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,346 shares of the company’s stock, valued at approximately $1,235,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $48,000. Comerica Bank acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $68,000. Park Square Financial Group LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $72,000. Glass Jacobson Investment Advisors llc boosted its position in shares of Invesco S&P 500 Momentum ETF by 607.6% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 842 shares of the company’s stock worth $80,000 after buying an additional 723 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $89,000.

Invesco S&P 500 Momentum ETF Trading Up 1.1%

Shares of NYSEARCA SPMO opened at $106.92 on Friday. The stock has a 50 day simple moving average of $96.69 and a 200-day simple moving average of $97.20. The company has a market cap of $8.04 billion, a PE ratio of 27.23 and a beta of 0.97. Invesco S&P 500 Momentum ETF has a 12-month low of $76.75 and a 12-month high of $107.54.

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.