Fischer Investment Strategies LLC Has $24.03 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Fischer Investment Strategies LLC reduced its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 20.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,388 shares of the company’s stock after selling 53,156 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 14.0% of Fischer Investment Strategies LLC’s portfolio, making the stock its largest holding. Fischer Investment Strategies LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $24,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $27,000. Blue Trust Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $31,000. Dunhill Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $33,000. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Finally, Salomon & Ludwin LLC boosted its position in Invesco S&P 500 Momentum ETF by 117.9% during the third 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 Up 0.1%

SPMO stock opened at $129.23 on Friday. The business has a 50 day moving average price of $119.09 and a two-hundred day moving average price of $119.48. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a twelve month low of $90.44 and a twelve month high of $130.44.

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.