Invesco S&P 500 Momentum ETF $SPMO Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 230,510 shares of the company’s stock after purchasing an additional 11,511 shares during the period. Invesco S&P 500 Momentum ETF makes up about 4.9% of Fortis Group Advisors LLC’s portfolio, making the stock its 3rd biggest position. Fortis Group Advisors LLC owned approximately 0.21% of Invesco S&P 500 Momentum ETF worth $28,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $317,167,000. Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 Momentum ETF by 35.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after acquiring an additional 2,151,980 shares during the last quarter. Osaic Holdings Inc. lifted its position in Invesco S&P 500 Momentum ETF by 126.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after acquiring an additional 612,432 shares during the period. Bank of America Corp DE grew its stake in Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $65,042,000.

Invesco S&P 500 Momentum ETF Stock Up 0.5%

Shares of NYSEARCA:SPMO opened at $118.86 on Wednesday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The business has a 50-day moving average price of $119.52 and a 200-day moving average price of $119.25.

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.