Rollins Financial Advisors LLC Buys 6,078 Shares of 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 10.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,903 shares of the company’s stock after purchasing an additional 6,078 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 1.1% of Rollins Financial Advisors LLC’s holdings, making the stock its 20th largest position. Rollins Financial Advisors LLC owned 0.06% of Invesco S&P 500 Momentum ETF worth $7,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $317,167,000. Osaic Holdings Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 126.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after buying an additional 612,432 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after acquiring an additional 562,290 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $65,042,000. Finally, Raymond James Financial Inc. lifted its position in Invesco S&P 500 Momentum ETF by 153.7% during the second quarter. Raymond James Financial Inc. now owns 827,966 shares of the company’s stock valued at $93,121,000 after acquiring an additional 501,664 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.7%

NYSEARCA SPMO opened at $118.75 on Wednesday. The firm’s fifty day simple moving average is $119.43 and its two-hundred day simple moving average is $119.36. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The firm has a market capitalization of $13.48 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.