Independent Financial Group LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Independent Financial Group LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,442 shares of the company’s stock, valued at approximately $5,879,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in Invesco S&P 500 Momentum ETF by 8.0% during the 1st quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock worth $131,000 after buying an additional 87 shares during the last quarter. Blue Trust Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the last quarter. Santori & Peters Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 2.9% in the fourth quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock valued at $417,000 after buying an additional 100 shares during the last quarter. Fourth Dimension Wealth LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 20.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock valued at $72,000 after acquiring an additional 100 shares during the period. Finally, Peregrine Asset Advisers Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 3.1% in the first quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after acquiring an additional 100 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 3.1%

Shares of SPMO opened at $145.28 on Friday. The company’s 50 day simple moving average is $150.77 and its 200-day simple moving average is $131.21. The firm has a market cap of $20.80 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30.

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.