Oppenheimer & Co. Inc. Trims Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Oppenheimer & Co. Inc. cut its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 37.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,926 shares of the company’s stock after selling 19,461 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% in the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after purchasing an additional 2,151,980 shares during the period. CWM LLC grew its position in Invesco S&P 500 Momentum ETF by 6.7% during the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after buying an additional 164,530 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $317,167,000. Bank of America Corp DE increased its stake in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after acquiring an additional 562,290 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 126.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after acquiring an additional 612,432 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.2%

Shares of NYSEARCA SPMO opened at $120.59 on Thursday. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The business has a 50-day moving average of $119.71 and a 200-day moving average of $119.12.

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.