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

Florida Financial Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 77.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,105 shares of the company’s stock after buying an additional 7,472 shares during the period. Florida Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $27,000. Schroder Investment Management Group purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $26,000. Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $31,000. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at about $31,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $118.25 on Friday. The company has a 50-day simple moving average of $119.61 and a two-hundred day simple moving average of $119.13. The stock has a market capitalization of $13.43 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

About Invesco S&P 500 Momentum ETF

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.