Family Investment Center Inc. Grows Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Family Investment Center Inc. grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 311,213 shares of the company’s stock after acquiring an additional 17,939 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 7.5% of Family Investment Center Inc.’s investment portfolio, making the stock its 3rd biggest position. Family Investment Center Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $29,568,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PSI Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $76,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after purchasing an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $100.04 on Monday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The stock has a 50 day moving average price of $97.33 and a 200-day moving average price of $92.41. Invesco S&P 500 Momentum ETF has a one year low of $69.19 and a one year high of $101.86.

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.