Firethorn Wealth Partners LLC Takes Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Firethorn Wealth Partners LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, HoldingsChannel reports. The firm acquired 9,638 shares of the company’s stock, valued at approximately $916,000.

A number of other hedge funds have also made changes to their positions in the business. PSI Advisors LLC increased 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 valued at $27,000 after acquiring an additional 110 shares during the last quarter. Weaver Consulting Group grew its stake in Invesco S&P 500 Momentum ETF by 1.9% during the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock worth $1,059,000 after buying an additional 204 shares during the last quarter. Global Trust Asset Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 95.5% during the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares during the last quarter. Continuum Advisory LLC grew its stake in Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares during the last quarter. Finally, Convergence Financial LLC grew its stake in Invesco S&P 500 Momentum ETF by 1.1% during the 3rd quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock worth $3,701,000 after buying an additional 451 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.1 %

NYSEARCA:SPMO opened at $101.33 on Friday. The stock’s 50 day moving average price is $96.87 and its 200 day moving average price is $92.08. The company has a market capitalization of $1.63 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $69.08 and a 52-week high of $101.86.

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.