JBR Co Financial Management Inc Has $2.03 Million Position in Invesco S&P 500 Momentum ETF $SPMO

JBR Co Financial Management Inc boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 269.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,047 shares of the company’s stock after purchasing an additional 12,427 shares during the quarter. JBR Co Financial Management Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $2,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $27,000. Blue Trust Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $31,000. Dunhill Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC raised its position in Invesco S&P 500 Momentum ETF by 117.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after purchasing an additional 165 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $115.88 on Friday. The business has a fifty day moving average of $118.94 and a 200-day moving average of $119.51. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The firm has a market cap of $13.16 billion, a PE ratio of 29.51 and a beta of 0.98.

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.