Petra Financial Advisors Inc. Has $2.18 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Petra Financial Advisors Inc. increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,251 shares of the company’s stock after buying an additional 5,587 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 1.3% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. Petra Financial Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares during the period. Goldman Sachs Group Inc. bought a new position in Invesco S&P 500 Momentum ETF during the first quarter worth $18,900,000. Jane Street Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after purchasing an additional 31,344 shares during the period. Schroder Investment Management Group bought a new position in Invesco S&P 500 Momentum ETF during the second quarter worth $26,000. Finally, Invesco Ltd. boosted its position in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after purchasing an additional 23,223 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $116.65 on Wednesday. The company has a fifty day moving average price of $117.50 and a two-hundred day moving average price of $119.02. Invesco S&P 500 Momentum ETF has a one year low of $81.41 and a one year high of $124.56. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 29.51 and a beta of 1.00.

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.