Rollins Financial Advisors LLC Increases Position in Invesco S&P 500 Momentum ETF $SPMO

Rollins Financial Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 17.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 72,981 shares of the company’s stock after purchasing an additional 11,078 shares during the period. Invesco S&P 500 Momentum ETF comprises about 1.3% of Rollins Financial Advisors LLC’s holdings, making the stock its 18th biggest position. Rollins Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $8,708,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SPMO. Capstone Wealth Management Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at $18,900,000. Jane Street Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after purchasing an additional 31,344 shares during the last quarter. Invesco Ltd. lifted its position in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after purchasing an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after purchasing an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 1.1%

SPMO stock opened at $144.45 on Wednesday. Invesco S&P 500 Momentum ETF has a 52 week low of $101.80 and a 52 week high of $146.79. The company has a fifty day simple moving average of $123.10 and a two-hundred day simple moving average of $120.77. The firm has a market capitalization of $17.61 billion, a P/E ratio of 29.51 and a beta of 1.09.

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.