Invesco S&P 500 Momentum ETF $SPMO Stake Lowered by Seros Financial LLC

Seros Financial LLC lowered its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 123,761 shares of the company’s stock after selling 11,135 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 8.8% of Seros Financial LLC’s investment portfolio, making the stock its 3rd biggest holding. Seros Financial LLC owned about 0.13% of Invesco S&P 500 Momentum ETF worth $13,919,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 41.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after acquiring an additional 1,770,226 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after acquiring an additional 1,400,512 shares during the last quarter. Clark Capital Management Group Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 35.4% in the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock valued at $155,747,000 after acquiring an additional 440,005 shares during the last quarter. CWM LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 201.9% in the 1st quarter. CWM LLC now owns 1,313,198 shares of the company’s stock valued at $121,510,000 after acquiring an additional 878,259 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1.9% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock valued at $114,771,000 after acquiring an additional 23,474 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.2%

NYSEARCA:SPMO opened at $120.78 on Friday. The stock’s 50 day moving average price is $117.93 and its 200 day moving average price is $107.12. The company has a market capitalization of $11.48 billion, a PE ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $122.30.

Invesco S&P 500 Momentum ETF Company 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.