Financial Advocates Investment Management Cuts Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Financial Advocates Investment Management reduced its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOFree Report) by 7.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,480 shares of the company’s stock after selling 2,878 shares during the period. Financial Advocates Investment Management’s holdings in Invesco S&P 500 Momentum ETF were worth $2,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 36.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock valued at $477,631,000 after buying an additional 1,456,957 shares in the last quarter. LPL Financial LLC raised its position in Invesco S&P 500 Momentum ETF by 33.7% during the second quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock worth $98,772,000 after acquiring an additional 284,359 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $46,012,000. Osaic Holdings Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 141.5% during the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock worth $38,137,000 after purchasing an additional 278,798 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Invesco S&P 500 Momentum ETF by 61.6% during the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after purchasing an additional 143,810 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $92.73 on Thursday. The business’s fifty day moving average price is $90.44 and its two-hundred day moving average price is $86.07. The stock has a market cap of $1.49 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a one year low of $55.77 and a one year high of $94.69.

Invesco S&P 500 Momentum ETF Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMOFree Report).

Institutional Ownership by Quarter for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

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