Invesco S&P 500 Momentum ETF $SPMO Position Raised by Financial Partners Group Inc

Financial Partners Group Inc increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 74,753 shares of the company’s stock after buying an additional 4,676 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 1.0% of Financial Partners Group Inc’s investment portfolio, making the stock its 28th biggest holding. Financial Partners Group Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $8,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $27,000. Dunhill Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at $33,000. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $33,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $50,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 90.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock valued at $51,000 after acquiring an additional 200 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $143.81 on Friday. Invesco S&P 500 Momentum ETF has a one year low of $97.86 and a one year high of $143.84. The stock has a fifty day moving average of $121.61 and a 200-day moving average of $120.25. The company has a market capitalization of $17.53 billion, a PE ratio of 29.51 and a beta of 1.09.

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.