Thoroughbred Financial Services LLC Has $17.70 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Thoroughbred Financial Services LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 157.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,367 shares of the company’s stock after acquiring an additional 90,790 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 1.0% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 20th biggest holding. Thoroughbred Financial Services LLC owned approximately 0.13% of Invesco S&P 500 Momentum ETF worth $17,703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lantern Wealth Advisors LLC grew 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 worth $319,000 after buying an additional 88 shares during the period. Caliber Wealth Management LLC KS grew its position in shares of Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock worth $235,000 after buying an additional 90 shares during the period. LexAurum Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after buying an additional 92 shares during the period. GK Wealth Management LLC grew 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 worth $302,000 after buying an additional 99 shares during the period. Finally, Fourth Dimension Wealth LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 25.0% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $149.60 on Thursday. Invesco S&P 500 Momentum ETF has a one year low of $103.99 and a one year high of $151.40. The company has a 50 day moving average of $128.93 and a 200-day moving average of $122.61. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

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.