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

Financial Partners Group Inc increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 comprises 1.0% of Financial Partners Group Inc’s portfolio, making the stock its 28th largest holding. Financial Partners Group Inc owned about 0.07% of Invesco S&P 500 Momentum ETF worth $8,961,000 as of its most recent SEC filing.

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 stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $33,000. MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $50,000. Finally, Capital Investment Advisory Services LLC raised its holdings in Invesco S&P 500 Momentum ETF by 90.5% during the third quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock worth $51,000 after purchasing an additional 200 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $143.81 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $97.86 and a 12 month high of $143.84. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The stock’s 50 day moving average price is $121.61 and its 200 day moving average price is $120.25.

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.