Fortune Financial Group Inc. purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,164 shares of the company’s stock, valued at approximately $2,525,000. Invesco S&P 500 Momentum ETF accounts for approximately 2.6% of Fortune Financial Group Inc.’s portfolio, making the stock its 9th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lantern Wealth Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 3.5% in 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 period. GK Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 4.1% in 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 period. Santori & Peters Inc. boosted its stake in 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 worth $417,000 after purchasing an additional 100 shares during the last quarter. Fourth Dimension Wealth LLC boosted its stake in 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 worth $72,000 after purchasing an additional 100 shares during the last quarter. Finally, ArborFi Advisors LLC boosted its stake in 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 worth $3,369,000 after purchasing an additional 113 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Down 2.6%
Shares of SPMO opened at $143.68 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $105.74 and a 52-week high of $155.74. The firm’s fifty day moving average is $136.16 and its two-hundred day moving average is $124.86. The stock has a market cap of $17.52 billion, a PE ratio of 29.51 and a beta of 1.11.
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.
Featured Stories
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
