Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC trimmed its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.7% in the second quarter, Holdings Channel.com reports. The fund owned 11,147 shares of the company’s stock after selling 549 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. lifted its holdings in 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 lifted its holdings in 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. CWM LLC lifted its holdings in 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. Alpine Bank Wealth Management acquired a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $56,345,000. Finally, BNP Paribas Financial Markets acquired a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $40,743,000.

Invesco S&P 500 Momentum ETF Trading Down 0.6%

NYSEARCA SPMO opened at $120.09 on Friday. The stock’s 50-day moving average price is $118.03 and its two-hundred day moving average price is $107.30. The company has a market cap of $13.13 billion, a PE ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year 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.