Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Orca Investment Management LLC

Orca Investment Management LLC cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,736 shares of the company’s stock after selling 2,132 shares during the period. Invesco S&P 500 Momentum ETF comprises about 1.9% of Orca Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Orca Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,107,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Invesco S&P 500 Momentum ETF by 41.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after purchasing an additional 1,770,226 shares in the last quarter. LPL Financial LLC grew its stake in Invesco S&P 500 Momentum ETF by 64.3% in the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after purchasing an additional 1,400,512 shares in the last quarter. Mainstay Capital Management LLC ADV grew its stake in Invesco S&P 500 Momentum ETF by 111.9% in the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares in the last quarter. CWM LLC grew its stake in Invesco S&P 500 Momentum ETF by 87.2% in the second quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after purchasing an additional 1,144,827 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Invesco S&P 500 Momentum ETF in the first quarter worth about $56,345,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $118.50 on Friday. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $122.53. The stock has a 50-day simple moving average of $118.59 and a 200 day simple moving average of $108.26.

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.