Fortis Group Advisors LLC Sells 69,069 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Fortis Group Advisors LLC lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 31.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,203 shares of the company’s stock after selling 69,069 shares during the period. Invesco S&P 500 Momentum ETF makes up 2.5% of Fortis Group Advisors LLC’s portfolio, making the stock its 7th biggest position. Fortis Group Advisors LLC owned about 0.93% of Invesco S&P 500 Momentum ETF worth $13,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPMO. ORG Partners LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $38,000. Concourse Financial Group Securities Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 103.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $60,000. Simplicity Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $213,000. Finally, Brookstone Capital Management purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at approximately $214,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock traded down $0.51 during mid-day trading on Tuesday, reaching $93.65. 61,079 shares of the company were exchanged, compared to its average volume of 536,764. The company has a market capitalization of $1.51 billion, a P/E ratio of 20.66 and a beta of 1.00. The business’s 50 day simple moving average is $89.77 and its 200 day simple moving average is $85.47. Invesco S&P 500 Momentum ETF has a fifty-two week low of $55.32 and a fifty-two week high of $94.69.

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.