Future Financial Wealth Managment LLC Purchases New Holdings in Invesco S&P 500 Momentum ETF $SPMO

Future Financial Wealth Managment LLC purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,898 shares of the company’s stock, valued at approximately $2,562,000. Invesco S&P 500 Momentum ETF makes up about 1.7% of Future Financial Wealth Managment LLC’s portfolio, making the stock its 16th biggest position.

Other hedge funds have also made changes to their positions in the company. Castleview Partners LLC lifted its position in Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after buying an additional 84 shares in the last quarter. Lantern Wealth Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 3.5% in 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 in the last quarter. Caliber Wealth Management LLC KS lifted its position in Invesco S&P 500 Momentum ETF by 4.9% in 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 in the last quarter. LexAurum Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 4.3% in 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 in the last quarter. Finally, GK Wealth Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 4.1% in 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 in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.8%

SPMO stock opened at $115.67 on Tuesday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The company has a 50 day moving average of $117.56 and a two-hundred day moving average of $119.06.

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.