Invesco S&P 500 Momentum ETF $SPMO is Fortis Group Advisors LLC’s 3rd Largest Position

Fortis Group Advisors LLC trimmed its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 41.6% in the 4th quarter, Holdings Channel reports. The firm owned 134,655 shares of the company’s stock after selling 95,855 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 2.8% of Fortis Group Advisors LLC’s holdings, making the stock its 3rd biggest position. Fortis Group Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $16,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC increased its holdings in Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares during the last quarter. Bank of America Corp DE increased its holdings in Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after buying an additional 374,417 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $317,167,000. Raymond James Financial Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 62.0% during the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after buying an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Momentum ETF by 35.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after buying an additional 287,098 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.9%

Shares of SPMO stock opened at $143.31 on Thursday. Invesco S&P 500 Momentum ETF has a 12 month low of $101.80 and a 12 month high of $147.87. The stock has a market cap of $17.47 billion, a P/E ratio of 29.51 and a beta of 1.09. The company has a 50 day simple moving average of $126.02 and a two-hundred day simple moving average of $121.67.

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.