Rollins Financial Advisors LLC Purchases 11,078 Shares of Invesco S&P 500 Momentum ETF $SPMO

Rollins Financial Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,981 shares of the company’s stock after buying an additional 11,078 shares during the period. Invesco S&P 500 Momentum ETF comprises 1.3% of Rollins Financial Advisors LLC’s portfolio, making the stock its 18th largest holding. Rollins Financial Advisors LLC owned about 0.06% of Invesco S&P 500 Momentum ETF worth $8,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.3% in the fourth quarter. Meridian Wealth Management LLC now owns 246,665 shares of the company’s stock worth $29,432,000 after buying an additional 3,153 shares in the last quarter. Fourth Dimension Wealth LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 20.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock worth $72,000 after buying an additional 100 shares in the last quarter. Money Concepts Capital Corp lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.8% in the fourth quarter. Money Concepts Capital Corp now owns 1,015,733 shares of the company’s stock worth $121,197,000 after buying an additional 17,868 shares in the last quarter. Colonial River Investments LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 3.3% in the fourth quarter. Colonial River Investments LLC now owns 68,988 shares of the company’s stock worth $8,232,000 after buying an additional 2,203 shares in the last quarter. Finally, Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth approximately $44,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $144.45 on Wednesday. The firm’s 50 day moving average price is $123.10 and its 200-day moving average price is $120.77. The company has a market cap of $17.61 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52-week low of $101.80 and a 52-week high of $146.79.

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.