Financial Advocates Investment Management reduced its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free 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
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.
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