Fortis Group Advisors LLC Reduces Stake in Invesco S&P 500 Momentum ETF $SPMO

Fortis Group Advisors LLC lessened its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,655 shares of the company’s stock after selling 95,855 shares during the period. Invesco S&P 500 Momentum ETF comprises 2.8% of Fortis Group Advisors LLC’s portfolio, making the stock its 3rd largest holding. Fortis Group Advisors LLC owned about 0.12% of Invesco S&P 500 Momentum ETF worth $16,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Reliant Investment Partners LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 22.3% in the fourth quarter. Reliant Investment Partners LLC now owns 9,188 shares of the company’s stock worth $1,096,000 after buying an additional 1,675 shares in the last quarter. Seros Financial LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 11.0% during the fourth quarter. Seros Financial LLC now owns 223,525 shares of the company’s stock valued at $26,671,000 after purchasing an additional 22,121 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 17,115 shares of the company’s stock valued at $2,042,000 after purchasing an additional 187 shares during the last quarter. Csenge Advisory Group raised its holdings in shares of Invesco S&P 500 Momentum ETF by 43.4% during the fourth quarter. Csenge Advisory Group now owns 9,982 shares of the company’s stock valued at $1,191,000 after purchasing an additional 3,021 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 16.1% during the fourth quarter. HighTower Advisors LLC now owns 282,662 shares of the company’s stock valued at $33,727,000 after purchasing an additional 39,262 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.9%

SPMO opened at $143.31 on Thursday. The firm has a 50 day moving average price of $126.02 and a 200-day moving average price of $121.67. Invesco S&P 500 Momentum ETF has a twelve month low of $101.80 and a twelve month high of $147.87. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

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.