Fortune Financial Group Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 21,164 shares of the company’s stock, valued at approximately $2,525,000. Invesco S&P 500 Momentum ETF accounts for about 2.6% of Fortune Financial Group Inc.’s holdings, making the stock its 9th largest position.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lantern Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 3.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock valued at $319,000 after acquiring an additional 88 shares during the last quarter. GK Wealth Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 4.1% during the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock valued at $302,000 after acquiring an additional 99 shares during the last quarter. Santori & Peters Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 2.9% during the 4th quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock valued at $417,000 after acquiring an additional 100 shares during the last quarter. Fourth Dimension Wealth LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 20.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock valued at $72,000 after acquiring an additional 100 shares during the last quarter. Finally, ArborFi Advisors LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 0.4% during the 4th quarter. ArborFi Advisors LLC now owns 28,233 shares of the company’s stock valued at $3,369,000 after acquiring an additional 113 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 2.6%
Shares of SPMO stock opened at $143.68 on Thursday. The company’s 50-day moving average price is $136.16 and its 200-day moving average price is $124.86. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a twelve month low of $105.74 and a twelve month high of $155.74.
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.
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