Thoroughbred Financial Services LLC Buys 90,790 Shares of Invesco S&P 500 Momentum ETF $SPMO

Thoroughbred Financial Services LLC grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 157.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 148,367 shares of the company’s stock after acquiring an additional 90,790 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 1.0% of Thoroughbred Financial Services LLC’s portfolio, making the stock its 20th biggest position. Thoroughbred Financial Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $17,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPMO. Dynamic Advisor Solutions LLC grew its stake in Invesco S&P 500 Momentum ETF by 116.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after buying an additional 57,149 shares in the last quarter. IFP Advisors Inc grew its stake in Invesco S&P 500 Momentum ETF by 98.0% during the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after buying an additional 5,361 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after buying an additional 15,758 shares in the last quarter. Ascent Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 68.4% during the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock worth $30,145,000 after buying an additional 102,587 shares in the last quarter. Finally, Able Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 13.0% during the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after buying an additional 13,883 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.1%

Shares of Invesco S&P 500 Momentum ETF stock opened at $149.60 on Thursday. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12-month low of $103.99 and a 12-month high of $151.40. The firm’s 50-day moving average price is $128.93 and its two-hundred day moving average price is $122.61.

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.