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

Florida Financial Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 59.5% during the fourth quarter, HoldingsChannel reports. The fund owned 27,284 shares of the company’s stock after purchasing an additional 10,179 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 0.9% of Florida Financial Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Florida Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,256,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lantern Wealth Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 3.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock worth $319,000 after buying an additional 88 shares during the last quarter. Caliber Wealth Management LLC KS grew its stake in Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock worth $235,000 after buying an additional 90 shares during the last quarter. LexAurum Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after buying an additional 92 shares during the last quarter. GK Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 4.1% during the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after buying an additional 99 shares during the last quarter. Finally, Fourth Dimension Wealth LLC grew its stake in Invesco S&P 500 Momentum ETF by 25.0% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $150.59 on Monday. The stock’s 50 day moving average price is $130.28 and its 200 day moving average price is $123.04. The company has a market capitalization of $18.36 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52-week low of $103.99 and a 52-week 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.