Fortis Group Advisors LLC Has $13.52 Million Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Fortis Group Advisors LLC cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 31.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 149,203 shares of the company’s stock after selling 69,069 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 2.5% of Fortis Group Advisors LLC’s portfolio, making the stock its 7th biggest position. Fortis Group Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $13,524,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SPMO. ORG Partners LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $38,000. Concourse Financial Group Securities Inc. raised its position 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 buying an additional 290 shares during 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 bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $213,000. Finally, Wedmont Private Capital acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $231,000.

Invesco S&P 500 Momentum ETF Stock Down 0.5 %

SPMO traded down $0.51 during trading hours on Tuesday, hitting $93.65. 61,079 shares of the company’s stock were exchanged, compared to its average volume of 536,764. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1-year low of $55.32 and a 1-year high of $94.69. The stock’s 50-day moving average is $89.77 and its two-hundred day moving average is $85.47.

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.