Patriot Financial Group Insurance Agency LLC Increases Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 308.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,963 shares of the company’s stock after purchasing an additional 8,279 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SPMO. World Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares during the period. Mainstay Capital Management LLC ADV purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $23,247,000. HBW Advisory Services LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $13,325,000. Cetera Investment Advisers boosted its position in Invesco S&P 500 Momentum ETF by 61.6% during the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after purchasing an additional 143,810 shares in the last quarter. Finally, Fischer Investment Strategies LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at $11,215,000.

Invesco S&P 500 Momentum ETF Stock Up 1.2 %

Shares of SPMO stock opened at $99.41 on Wednesday. The stock has a market cap of $1.60 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a fifty-two week low of $69.19 and a fifty-two week high of $101.86. The business has a fifty day simple moving average of $97.05 and a 200-day simple moving average of $92.22.

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.