Financially Speaking Inc Invests $8.67 Million in Invesco S&P 500 Momentum ETF $SPMO

Financially Speaking Inc bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 71,652 shares of the company’s stock, valued at approximately $8,674,000. Invesco S&P 500 Momentum ETF accounts for approximately 5.7% of Financially Speaking Inc’s portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Schroder Investment Management Group bought a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $27,000. GHP Investment Advisors Inc. increased its position in Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $31,000. Finally, Blue Trust Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $31,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $120.59 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The business’s 50 day simple moving average is $119.71 and its two-hundred day simple moving average is $119.12. The firm has a market cap of $13.69 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.